.Justin_Bons explains why Bitcoin Cash $BCH deserves larger market cap than Bitcoin $BTC
Typically, Bitcoin Cash is criticized as a niche cryptocurrency with no adoption prospects and even as a"zombie chain." Seasoned analyst and investor explains why these narratives should at least be reconsidered in 2023.Bitcoin Cash , the largest and most popular fork of the first cryptocurrency Bitcoin , deserves to exceed it by market capitalization. This statement was made by Cyber Capital CIO Justin Bons in his recent Twitter thread.
BCH is way closer to what Bitcoin was supposed to become; with more functionality, capacity & integrityThe fact that Bitcoin Cash underperforms its"oldest brother" is a matter of politics to the analyst. As of July 2023, the market cap of Bitcoin Cash is less than 0.95% of that of its original version.
Therefore, BCH's massive adoption is simply not there. At the same time, the 14th largest cryptocurrency retains the original"Satoshi vision" and remains one of the most trending cryptos on the proof-of-work consensus mechanism.Bitcoin at its current state looks like a joke to Bons due to its block size limit and"dictatorial governance." To provide context, BCH's block size is 32 MB compared to 1 MB of Bitcoin .
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bitcoin Cash Hashrate Gains Momentum: Miners Flock to BCH as Profitability Surges – Mining Bitcoin NewsCurrent data on June 30 shows BitcoinCash is currently 2.7% more lucrative to mine compared to bitcoin (BTC).
Baca lebih lajut »
Bitcoin Cash (BCH) Price Analysis for June 29How long can the sharp rise of BCH continue? maplesyrupsuckr BitcoinCashA BitcoinCash BitcoinCash BitcoinCom BitcoinBCHNews
Baca lebih lajut »
Bitcoin Cash (BCH) 70% Rally Has Fundamental Reasoning Behind ItBitcoin Cash saw solid price surge, and many market participants do not know what's going on
Baca lebih lajut »
Biggest Movers: SOL Gains 10%, BCH Hits Fresh 1-Year High – Market Updates Bitcoin NewsSolana surged 10% on June 29, after it was confirmed that a new cross-chain bridge will let users have easier access to other blockchains.
Baca lebih lajut »
Biggest Movers: LTC, BCH Surge 20% Higher on Friday – Market Updates Bitcoin NewsLitecoin surged by as much as 20% in today’s session, as bulls took the token to its highest level since April.
Baca lebih lajut »
Bitcoin Cash Tops $300 as South Korean Trading Volumes Surge$BCH rises over 30% in the past 24 hours, reaching a 14-month high of $320 as Upbit registers higher trading volume in BCH/KRW pair compared to BTC/KRW pair. Reports godbole17.
Baca lebih lajut »