Bitcoin cash BCH's aim is to change the world financial system and correct what Bitcoin failed to scale through, and any Bitcoin cash BCH enthusiast can draw out a long list of reasons why BCH is the money for the future. Bitcoin cash is a global peer to peer currency that gives consideration to the unbanked, and shifts the economic power from big banks and governments back to the people. A true democracy of money.
Given that, let's explore the reasons why BCH is the future of money and why you should trust and invest in it.
Bitcoin cash is a new asset.
Bitcoin cash is a new asset that is not up to 3yrs old, and as a new asset, its position among other giant cryptocurrencies is very commendable. Given this position, it is certain that BCH will improve further as time goes on and you can hold this trust going forward with your investment.
It doesn't depend on the stock market
Bitcoin cash and other cryptocurrencies don't depend on the performance of the stock market or any other market. Should the stock market drops BCH and other cryptocurrencies remain untouched. This is the very reason behind the creation of Bitcoin which BCH strives to make better. Since today's traditional money system can not be trusted it is safe to vouch for BCH as better risk management for your financial portfolio.
There is no devaluation to this currency
Inflation and devaluation are major issues with Fiat currency, what your Fiat money can buy today can never be the same next year or even next week, thanks to hyperinflation. With BCH and other cryptocurrencies, you are sure to escape devaluation of currency because it is not subject to change as Fiat currency. Currently, the global monetary value is on the ebb downward. The country around the world are experiencing an inflation rate of over 3%, and even America has an over 2% inflation rate. The only way not to suffer a financial loss of value is to invest in BCH and other cryptocurrencies. Should the dollar drop in value further than as it is, BCH will be stronger than the US dollar.
BCH is a great store of value
Forget about volatility, every cryptocurrency is the same in this regard. The upward and downward movement in market price has no effect on the BCH as a store of value. BCH is a great store of value, a universal currency that’s not controlled by anyone government or entity; it’s difficult to mine; and it exists in a limited supply, which increases its value. It doesn't depreciate because it’s not subject to the same inflation as fiat currency, thus making it an excellent store of value. BCH is digital which makes it easy to keep and transport in both small and large amounts. This makes it better than any other asset of value such as gold and real estate assets.
No one can take it from you
In several countries, your money in your bank account can be frozen by the bank when they think you are holding a larger amount, or your assets can be seized by the government with little to no warning. But BCH or any Cryptocurrency Is different. It’s not regulated by a central bank or authority, which means that if you hold your BCH wallet keys, only you have access to and control over your money, with no government intervention possible.
BCH infrastructure growth is expansive
The infrastructure involved in BCH is in hyper-growth. It is not just the dream of a few economic anarchists but a combined intelligence of a larger pool of technocrats and engineers with massive infrastural investment which is regularly upgraded every 5 months. As should be noted, BCH infrastructural upgrade is done twice every year on May 15 and November 15. The next infrastructural upgrade is just a month away from the date of writing this article. All these are done to ensure BCH remains an innovative class of cryptocurrency.
BCH is not controlled by anyone entity
BCH isn’t controlled by anyone entity, making it inconceivable to restrict. It was created to operate on a peer network, with no one government or entity at the apex. Government bans, regulations, can only restrict its usage but can not stop its existence. And because of its universality, BCH will perform as the new financial system, money by the people and for the people, and the key to economic freedom.
BCH will appreciate in value
Bearing any uneventful circumstances, BCH will most likely appreciate in value. The price fluctuations that BCH has experienced in the last few weeks are such that makes many people think that BCH is too volatile to count on. But the truth is that price volatility is the nature of cryptocurrency because its price depends on market demand and supply. Given that, if you hold it long enough, the probability of appreciation in value is higher than any other lesser asset class.
In conclusion, BCH was created to solve the problems which Bitcoin fail to solve. To provide a way for people to reclaim their power over their own economies. Snd since its creation, BCH is not only giving people across the globe the ability to truly own and use their money,but it’s also proven to be a good bargain, holding true to its name Bitcoin cash, the money for the future and the future money.
Well explained. Are you storing BCH too?