Elsewhere I read the Joe Biden administration recently approved a stimulus dollar airdrop to all American households and business owners to curtailed the effects of the covid 19. Each household and business owner is to receive a 1,400 USD stimulus in form of airdrop upon successful submission of a recent tax return. This will be a huge relief and support to most families and business owners that have been vastly affected by the coronavirus pandemic. How the Americans will use this money is of most importance because $1,400 is not a small amount of money. However, no matter how huge the amount maybe, if not properly managed it won't have major effects on households.
In the wake of the stimulus airdrop announcement, a Crypto analyst predicted that BTC could reach $70,000 before March ends. His reason for that forecast was that the Americans would use their stimulus airdrop money to buy BTC and that will push BTC price upward to as much as $70,000. Then I remember that there are a good number of Americans in the Bitcoin cash community who seems to be passionate about BCH, and most of them are writers on read.cash, and also on noise.cash. I have read elsewhere also that the Americans are about the largest users on read.cash and noise.cash. Most of these Americans here could qualify for the Joe Biden stimulus airdrop. If that is true, I reasoned, why not the Americans in the Bitcoin cash community invest that money in BCH which could be a win-win game for the investors and BCH. Such a move could lead to a giant slide for BCH and the investors as well.
Elon Musk buys $1.5 million worth of BTC and the price of BTC almost double a moment after that big buy. Something similar could happen to BCH should the Americans invest their stimulus airdrop money in BCH. Now let do some mathematics.
Let assume we have 10,000 Americans who are a passionate lover of BCH, they could even be more than that here.
10,000 × 1, 400 = 14,000000
$14,000000 for 10,000 Americans BCH lovers. At the current rate of BCH, that amount will buy a large amount of BCH. Let check it out
BCH price at the time of writing this article stands at $533.36.
14,000000 ÷ 533.36 = 26248.68.
A whopping 26,248.68 BCH will be bought.
What advantage can this bring to BCH and the investors?
Advantages for BCH
26,248.68 BCH is not a small amount of money, and I doubt if there is one single Crypto exchange that could have as much BCH as that in stock. What that means is that it will create scarcity and more BCH would have to be mined to meet up with the demand. The upside of this is that it will be a huge gain for BCH. Miners will earn more reward for their work. The Bitcoin cash chain will be more solidified, the transaction rate of BCH will increase tremendously, more uses and more users will join the network. And the value of BCH could reach $1,000 or above. This could be anticipated should the Americans decided to invest in BCH will the stimulus dollar airdrop instead of looking elsewhere.
Advantages for the American would-be investors
No doubt this might be the American dream that most Americans have been waiting for. $1,400 may not be able to solve many problems in America right now but if invested in BCH it can solve a lifetime problem. If anyone believes cryptocurrency is the future money then transaction fees must be of great concern. BCH has a transaction fee that is almost to nothing no matter how much money is involved in the transaction, and the transaction speed is as fast as the speed of light. The Americans can safely invest in BCH and be assured anytime they want to spend their money transaction fees would not break their hearts.
Families have the opportunity to break out of poverty with BCH soon. Investing a whopping $1,400 in BCH is well enough to set a household free from Poverty. BCH has the potential to surpass other major cryptocurrencies in the near future, hence it will be a good buy for Americans.
Users may not need the services of exchanges to spend their money. BCH is money meant to be spent and many major and minor businesses across the world have started accepting BCH for payment of goods and services. There will be more of these BCH outlets in Americans. The Americans can spend BCH without the need to exchange it for Fiat currency and that would save a huge amount of money that would have gone to exchanges as transaction fees. The American BCH lover can be financially free from now on.
I will use this moment to call on the American writers on read.cash, those who might qualify for the Joe Biden stimulus dollar airdrop should seize the moment for BCH. I do have a few friends I know from America. @lerkfrend, @Crystie, and others that I cannot mention here, you guys do have a chance here to achieve your dreams with BCH. In case you haven't heard about the Joe Biden stimulus airdrop do check it out from the link below.
https://airdropalert.com/us-stimulus-airdrop
https://www.mintme.com/token/6gg17480/invite