The recent BCH price increase is one of the few truly awesome things that every Bittcoin cash user has been longing for. With BCH close at a little over $800 a few weeks back before going down a little again, we can expect something awesome going forward in the year 2021. There is no need to speculate, BCH is in a position to take on the world this year due to some strategic factors coming on the Bitcoin cash network this year. We can literally tag 2021 as the year of BCH in the crypto space because something big is coming. Afterall, the world has been waiting for the year of the big predictions to happen, and I strongly believe this is that year, the year of BCH. You don't even need an analyst any longer to understand the direction BCH is heading. 2021 will be the year of BCH Moon day. So let’s look at a couple of factors that will drive Bitcoin cash BCH price increase this year.
1. Integration of BCH to more payment gateways
Payment gateways stand as one of the quickest ways for a currency to gain traction. With more payment gateways integrating BCH into their payment systems more people will start using BCH as payment or remittance. PayPal's adoption of cryptocurrencies last year saw many people buying Bitcoin which contributed to the sudden rise in Bitcoin price last year. More like such payment system is going to adopt cryptocurrencies this year and I believe BCH will gain upper hand this time. The SatoshiAngel site is walking on a crypto payment gateway for merchants across the world, BCH is one of the major cryptos to be featured on the said payment gateway. The Bitcoincash site and the panmoni.com been pioneered by @georgedonnelly also have something in that line coming forward. We will definitely see many gateways predominantly for BCH.
2. The Grand Awakening of Institutions
As the world prepares for global digitalization, this year will see more major institutions going into cryptocurrencies as alternative currencies for a business transaction, and no doubt BCH will rock. Currently, there's a company named Grayscale, which helps big rich clients buy cryptocurrencies daily. They buy 2,400 BCH per day for their clients, about 1.2 million US dollars per day of Bitcoin Cash. This year will see more like Grayscale coming into Bitcoin cash, and you know where the direction leads.
Moreover, several rich individuals are going to change their sentiments about Bitcoin cash BCH which will see them buying the coin for personal possession.
It will take a while for banks to come on board but mainstream companies around the world are already jumping into cryptocurrency investment, BCH will gain popular use. This will in turn contribute to Bitcoin cash price increase as envisaged.
3. Global merchants adoption
This will be the main fuse that might push Bitcoin cash BCH price up and keep it stable this year. A massive campaign is ongoing towards global mass adoption of merchants in several places and platforms. Local meet-ups are going on for onboarding merchants into the Bitcoin cash ecosystem. If this should be achieved, more people will be able to use BCH. Merchants' onboarding is pivotal to the Bitcoin cash roadmap. More merchants equal more usability and usability is what gives a currency its value. BCH being accepted in many places across the world will lead to an increase in value for the coin.
The Bitcoincash site and pandonic been runs by @georgedonnelly are poised towards achieving merchants adoption across the world. With this, we can look forward to the year 2021 and held our hope for a possible rise and stable value for BCH.
Thank you for sharing i hope i can wrote an article too.