To some, the long and bloody story of BitcoinGold may be a cautionary tale of Cyber Security and the danger of the “51% attack”. First released in November of 2017, The Coin saw an incredible rise to an over 8$ Billion Dollar market cap and an All Time High of about 420$ USD in its first two months of release, soon after however it would be devastated by a series of attacks, the perpetrator of which remains a mystery. Over 300,000 BTG was stolen from a variety of early Crypto exchanges, the value of the stolen BitcoinGold Currently is approximately 17$ Million USD.

In spite of this rocky road for BitcoinGold (BTG), the price of the coin has shown incredible resistance and even showing some signs of prosperity in the current bull market.

While the price remained stagnant at approximately 10$ USD per coin, midway through the 2nd crypto boom in August 2020 BitcoinGold Devs released the latest version 0.17.3, along with this update the Team behind BitcoinGold has also shown an increased ability to deter and evade double spend attacks, Successfully releasing an emergency update to deny attackers access to 51% of the nodes required for a successful attack. 

While some thought BitcoinGold to be a long dead currency, this show of capability and reactivity spurred a second wind into BitcoinGold growing over 700% in 2021 alone! BitcoinGold is now sitting at a modest 71$USD (at time of writing) and shows no signs of slowing down this steady growth.

Another great aspect of BticoinGold is its accessibility to be mined and by regular people like me and you! One of the founding principles of BitcoinGold was to make it much easier to mine Via regular non-ASIC graphics cards that are easily accessible, and may be default in many computers, the current block reward for BitcoinGold is 12.5 BTG and had a time of 10 minutes. The halving is set to take place in Spring of 2024.

For these reasons I believe we will see a resurgence of BitocinGold during the next Boom, possibly even a return to its return to a top 10 currency, but only if we continue to see the ability of the Dev's to increase BitcoinGolds security.