Brian Kelly who is a famous cryptocurrency investor recently stated that every investor should invest in Bitcoin cash. He recently met the miners of Bitcoin cash. According to him, the topmost miners of Bitcoin Cash are setting aside some of their earnings in order to build new applications related to Bitcoin cash. There is a fund which is being created by them. As a result, the usability of Bitcoin Cash will increase significantly.
This also indicates that the value of the blockchain is going to increase as well. As a result, the price of Bitcoin Cash will also increase. Owing to this very reason, he clearly stated that it is worth buying Bitcoin cash. Currently, it is trading around $ 1200. It even hit a high of around $ 1300 a couple of days back. It had hit a low of around $ 700 a month back. As a result, it has risen already significantly from the lows which it hit.
He also manages BKCM which is an investment firm related to cryptocurrencies. Also, many of the cryptocurrency investors are now expecting Bitcoin to rally. Bitcoin has stagnated for a longer period of time. Also, it has lost a significant portion of its value as well. As a result, they are expecting Bitcoin to bounce back. This is one of the main reasons why they are expecting Bitcoin to rally. Currently, Bitcoin is trading around $ 8400. Many of the cryptocurrency experts are expecting a rally of at least 10%.
If you look into the co-relative performance of Bitcoin and Bitcoin Cash in the past, you will realize that if indeed, Bitcoin rallies by 10%, Bitcoin Cash will rally by a greater amount. This will mean that the holders of Bitcoin Cash are able to reap rich dividends as well. This is one of the main reason why it is time that you look into Bitcoin Cash and try to find out whether it is worth investing or not.
Cryptocurrencies are very volatile. That is why it will be a good idea always to look into the technical indicators of Bitcoin cash. Once you look into the technical indicators of Bitcoin Cash, thereafter only it will be easier for the investors to decide whether Bitcoin Cash should be invested in currently or whether there is an imminent fall in Bitcoin Cash temporarily after which, investors will be better off buying Bitcoin Cash.
One thing which is for sure is that many experts are actually positive on Bitcoin cash. That is why, if you’re looking for a cryptocurrency to invest in currently, it will be a good idea to look into Bitcoin Cash. Once you look into this cryptocurrency, you will be able to understand why it for it holds such a lot of promise as well. Fundamentally as well, Bitcoin Cash is actually pretty strong. This is one of the main reasons why Bitcoin Cash is on the radar of many cryptocurrency investors who are looking to invest for a longer period of time.