BCH serves the vision of Satoshi Nakamoto
The time we are is interesting in the crypto space. With the great debate around BCH being accepted as salary payments and possibly becoming a legal tender in some notable countries, eyes are being opened and a lot of reviews have been done to that effect. It is apparently clear that a major shift in the crypto sphere is about to take place. As a writer wrote elsewhere "there is nothing in the world more helpless and irresponsible and depraved than a man heading into the depths of an ocean with his eyes wide open." Such is the intoxicating fate of BTC holders. But BCH is bringing soberness to the crypto space.
BCH has opened the eyes of so many blind BTC holders or investors. A man couldn't hold himself from tears after watching the Bitcoin 2014 documentary. He cried realizing how far BTC has gone out of the way to becoming just a mere SOV. The supposed world's most valuable cryptocurrency has crumbled to the dust, being only valuable in the hand of a few rich individuals. Peer-to-peer electronic cash has become just an asset and a store of value while those who hold it like blind men are still shouting "to the moon".
Whether you believe it or not, BCH has proved that it is the real Bitcoin and it's leaving BTC and other versions in the ashes. The world's most undervalued cryptocurrency has soared even more than BTC in recent months thanks to the increased adoption of BCH.
So why is BCH becoming stronger by the day?
BCH is the main currency of choice for e-commerce websites, online retailers, and local merchants all over the world. It's peer-to-peer cash that is the best fit for online payment for the purchase of goods and services due to its low fees and fast transaction processing time. One would ask, "Why is there so much interest in BCH right now? With the explosion of BTC transaction fees which likely may never go down, people are beginning to rethink and look for alternatives that have all the properties of bitcoin as described in the original Satoshi Nakamoto white paper. BCH is the best representative of the original Satoshi Nakamoto Bitcoin. Not just a store of value, the digital gold hype that BTC is.
BCH is also getting a boost thanks to some other technical developments. SmartBCH recently went public and developers are now churning out innovative projects on the system. This is huge for BCH. A BCH side chain that has Ethereum compatibilities, bringing in all ether functionalities to BCH. Smart contracts applications, Defi applications, staking, and other Ethereum dapps functionalities are all enabled on the BCH blockchain via SmartBCH. Why would a project such as mooing now SmartBCH build on the BCH blockchain and not BTC? Scaling and fees are most considerable in this case, and BCH is the best fit.
BCH is going mainstream
BCH's rise goes beyond technical reasons. There is a real fundamental change right now. People are starting to realize that BCH is the real Bitcoin, this is causing a persistent shift in demand right now. Until recently BTC has been the mainstream crypto for investors, but due to recent happenings to BTC focus is being shifted to BCH as the best exit strategy from BTC. If you want to have your Bitcoin as Bitcoin BCH is the only option.
BCH has crossed the barrier zone and now going mainstream, and despite the hatred and resistance against it, merchants and online businesses of all sorts are finding reasons to add BCH to their payment options.
Payment gateways accepting BCH are increasing by the day, same with merchants. Huge numbers of cryptocurrency payment gateways now process payments in BCH for their customers.
A breakdown of the numbers of services accepting BCH as of April 2022 on cryptwerk.com shows the following,
Tourism, Traveling, Renting 84
Web marketing / development 156
BCH can serve as a Hedge against central banks printing more money
The rising concern about looming global economic inflation also makes BCH the best option for investors to safeguard their money.
As the global economy continues to go deeper, the only option the governments would have is to keep printing more fiat currencies which further weakens the paper money value. The only way to save oneself from the continuous fiat currency devaluation is to find a hedge against it by converting fiat currencies to cryptocurrencies. BCH is a viable option in this case which can be able to preserve the fruit of your labor against the free fall of fiat currencies.
BCH can always be added to payment options just because of the less transaction fees attached. It cannot be compared to BTC which has high has fees. So, using it for transaction cannot be of favor to the marketers.