To make a large and complex story short, what you need to know is that Bitcoin Core Team is promoting an upgrade called BIP-148. Bitcoin Improvement Proposal (BIP) 148 is a User Activated Soft Fork (UASF) that requires that miners signal for Segregated Witness (SegWit) before the 1st of August, after that date all BIP-148 nodes will start rejecting all blocks that do not support the protocol.
However, there is another large group of Bitcoin users and Miners that feel that Segwit alone is insufficient and it will not solve the scaling issues bitcoin is facing today (full blocks and high fees). This group, lead by entrepreneur Roger Ver and Bitcoin Miners like Jihan Wu (yes the guy of the F*ck your mother tweet ) , wants to implement SEGWITX2, which is basically segwit and an increase in block size from 1MB to 2MB.
All of this may sound kind of silly to you, it certainly does to me as I believe both options will solve the scaling issues we are facing today. However, this fight could end up in a “Chain Split” that will result in two different tokens. This happened to Ethereum last year and Ethereum Classic was born.
So what will happen to my Bitcoins?
Well this depends on what wallet provider you are using. If you are using an online provider that stores your private keys, then you need to wait and see which chain they will support or if they allow you to keep both Bitcoin tokens.
In the other hand, if you DO control your keys (Bitcoin Core, Electrum, etc) you will have the same balance on both chains and you will be able to keep them or trade one for the other once exchanges start accepting them both.
If you are uncertain about what will happen to bitcoin’s price you could always hedge your funds against a stable currency like SBD or BitUSD.
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