Sunday, January 17, 2021
Home Crypto News Analysis Megaupload Founder Kim Dotcom Said Bitcoin Cash Can Reach 3000 USD

Megaupload Founder Kim Dotcom Said Bitcoin Cash Can Reach 3000 USD

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Kim Dotcom sees growth of Bitcoin cash (BCH) more than 800%, BCH is the best known Hard Fork of Bitcoin (BTC). BCH emerged on August 1, 2017 with the aim of being the better and faster means of payment.

Over the past 30 days, Bitcoin Cash has surpassed Bitcoin with a price growth of +31%.

The Megaupload founder Kim Dotcom, announced a price target of 3,000 US dollars for the year 2021. This is a price increase of more than 800%.

Kim Dotcom is known to many because of his company Megaupload. Kim Dotcom, whose real name is Kim Schmitz, has been commenting on the development of cryptocurrencies and the overall market for years.

Schmitz commented on Bitcoin Cash in a recent Tweet. According to the Tweet, Schmitz is calling for a price target of $ 3,000 per Bitcoin Cash by 2021. He gives the explanation of this price target as the increasing acceptance and use of cryptocurrencies.

 

He attributes Bitcoin’s property as a Store of Value. According to him investors normally do not use the BTC for payments, but as a storing assets. Bitcoin Cash, on the other hand, is a well-suited mean of payment, which brings advantages especially for traders.

He expresses his confidence by retweeting his Tweet next year or earlier.

The Internet Entrepreneur argues that there is an increasing adoption of crypto-currencies commercially. In his view, BCH could benefit from this, As BCH, in contrast to Bitcoin, have lower transaction cost and faster transaction time.

Bitcoin Cash (BCH) has increased by almost 13% in the last 24 hours, while the other top 10 cryptocurrencies show less volatility. The performance of BTC is considered a mood test for the overall market. If BTC manages to defend the recent price gains and remained above 20,000 dollars, Bitcoin Cash can definitely benefit from bullish market.

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Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown has obtained his master's degree in Stock Trading And Investing. His specialty is analyzing the price actions of crypto and stock markets. Albert provides a major role in TheCryptoBasic as a crypto analyst. He is also known for his work on Twinkle Magazine and TipRanks.

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