Bitcoin cash has an unusual goal, aiming to be a real world payment solution really sets it apart from other cryptocurrencies. Yes we have Dash as well but there aren’t a lot of these types of projects. When it comes to BCH it is constantly finding more acceptance by various businesses. I myself was able to buy my new computer here in Sweden for BCH and have it delivered in two days.
With the ongoing bull market I expect a lot of projects to reach incredible highs, particularly defi related cryptos. When it comes to cashing out your gains you can of course use a lot of exchanges to wire USD to your bank account. But that feels weird. I bet a great deal of us would prefer to spend crypto in physical stores if we had the option. Being able to live completely without fiat would be a dream come true and it isn’t a long shot that some of us may get that chance.
The bullish scenario I imagine for BCH is a world were giant holdings of crypto wants to be spent on real world needs as well as luxuries. And BCH accommodates this. In such a world BCH demand would become immense and it would probably dethrone BTC as the reserve currency of the crypto space. It would be in everyone's interest to have any crypto priced against BCH as they today are priced against BTC.
I don’t find it far fetched. Of course, who can tell what will happen in this dynamic and fast paced part of the internet? Though, no matter how profitable cryptocurrencies are on paper, they will at some point be needed for purchases. Financial instruments are great but in the end cash is king.
Bitcoin Cash is constantly becoming more and more accepted as payment all across the world.
