With the biggest financial firms in the US fighting to be first in the country to create a btc backed ETF, in a market that highly depends on network size and user count, what is your rationale for BCH?
Tons of demand is coming to bitcoin specifically in the next 6 months with about 5% of total supply available. 6 months until the halving which further decreases the flow of additional supply making it the hardest money the world has ever seen. Common sense and basic economics said the increase of demand and decrease of supply will cause the underlying asset’s price to rise. It would have to be a historical event in the sense that it has never happened before to not see a Bull run post halving.
It seems to me that this demand and the accessibility it will bring to the common user will result in bitcoin’s network size and user count rising exponentially compared to bch.
With all that being said I do see the benefits of bch. I think the bitcoin network becoming even more dominant and it being common place in people’s retirement accounts will be a good thing for bch. I think we could see bch being used hand in hand with btc if other layers like lightning don’t work out.
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