Tuesday, October 26, 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

- Advertisement -

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.

- Advertisement -
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Good Games Guild Announces Triple IDO on Seedify, Ignition, MoonStarter

Jakarta, Indonesia, 24th October, 2021, Good Games Guild, a gaming hub that aims to create the largest virtual world economy by optimizing its owned...

YearnNFT Finance: An Advanced Approach to NFTs with Digital Art and Collectibles

Since August, the market sales with respect to NFTs have skyrocketed, where a single NFT sales round up to millions worth. There have been...

The Bank Of Israel Aims To Launch Its CBDC On Ethereum

For now, central banks around the world are still working on developing and testing their own CBDCs, but there are new ones that are...

Russian Central Bank Head Says Russia Is Not Ready To Launch Crypto ETFs

The head of the Bank of Russia, Elvira Nabiullina gave a negative answer to the question about the possibility of trading cryptocurrency ETFs in...

Spanish Banks Anxiously Waiting For Central Bank Approval To Work With Cryptocurrencies

Spanish banks are interested in providing cryptocurrency services directly to clients and expect the Spanish Central Bank will bring regulatory clarity for crypto.

Reddit Intend To Bring Its Non Fungible Token (NFT) Platform

Reddit is looking to hire people for what could become a new platform for non-fungible tokens (NFTs) and digital goods. ...

Second Bitcoin ETF, Valkyrie Bitcoin Strategy ETF (BTF) Started Trading On Nasdaq

On the Nasdaq Stock Exchange under the ticker BTF, a Bitcoin futures ETF from Valkyrie Investments began trading at a price of $25.5.

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.