All media forms, from mainstream to social, have been taken over by Bitcoin. After making over $40,000 for the first time, the crypto currency was trending on Twitter last night.
The hysteria attracted the attention of Kim Dotcom, an early internet entrepreneur, who believes that there is a Bitcoin fork that is more undervalued than BTC itself and has the "biggest crypto upside potential." But what exactly is he talking about with that fork?
Kim Dotcom, founder of Megaupload and early internet entrepreneur, has long been a supporter of Bitcoin and cryptocurrencies. Years earlier, he cautioned of the imminent crash of the dollar and suggested cryptocurrencies and gold as a way to hedge against what is to come, well before record fiat money printing became the theme of 2020.
As far back as August 2018, he said that a "100 percent" economic collapse was coming and he was right. The economy has collapsed since 2020, and the currency is on the ropes.
Bitcoin is flying, along with other cryptocurrencies. Gold and Bitcoin have set new milestones in the year and may be an indication that the forecasts of Kim Dotcom are correct on a regular basis.
But could Bitcoin Cash"a hard fork" still have the "biggest crypto upside potential" and be even more undervalued than BTC itself?
Today, Kim Dotcom took to Twitter to offer another piece of financial advice to his followers: accept Bitcoin Cash and not just conventional BTC.
The notorious Megaupload creator was swift to criticize BTC maximalists for his beliefs.
"It's easy enough. The currencies that people use for their regular transactions will be the winners in the crypto race. That is where BCH shines,' he replied in the same thread on Twitter.
He also says that he arrived at that decision because he's creating "new tech" that he's "confident hundreds of millions of users will use it." And choosing BCH over BTC is the only way to have the best user "experience."
There's some truth to his point, admittedly. In the first place, the reason for the BCH fork was to increase the transaction speed, costs, and size of the OG cryptocurrency.
As a result of hundreds of altcoins doing the same job even faster, it's hard to imagine that there's more upside room for BCH, and Bitcoin Cash is too far behind BTC. But again, Kim Dotcom was right on so many crypto-related things, so why would he be wrong now?
Bitcoin Cash for the future