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A New Era Begins -- Elon Musk Learns About Bitcoin Cash
Everyone is welcome to read my article. And don't worry, I will try to offend BTC maxis as little as possible. But be warned: This article is a celebration of the historic day of March, 24th 2021. The day that Elon Musk started to learn about Bitcoin Cash! And BTC maxis might not like that very much... 😏
No offense, but have been living under a rock your entire life? Elon Musk is one of the greatest entrepreneurs and influencers of our present day -- probably even of all time. He founded several companies and is currently involved in Tesla, SpaceX, OpenAI, Neuralink and many more.
The TLDR is: He has been and still is working very hard to make the world a better place -- or "to build a desirable future" as he puts it.
And he is an extreme risk taker. After he sold one of his earlier companies X.com, he had made enough money to live a luxurious life for the rest of time. Instead of doing that, he risked literally everything -- his entire net worth. He worked insane hours and saved Tesla and SpaceX from going bankrupt. The reason was that he wanted to shift the world and its transportation network to a sustainable energy source and he wanted to make sure that our species reaches the next level in the galactic fight for survival.
Depending on the stock prices of Amazon and Tesla, he may be the richest person in the world. And I add: That is well-deserved.
I will be forever grateful to Kim Dotcom who managed to grab Elon's attention with a very well-thought-out tweet.
The reaction "Fair point" might not seem overwhelming or even significant, but Kim planted a seed in Elon's mind. Imagine Elon goes down the rabbit hole of learning about the fork between BTC and BCH. He might watch some of Roger Ver's debates. He might watch a promotional video by George Donnelly. He might watch a video by Rick Falkvinge to learn about the major technical problems for the Lightning Network. Or he might watch an episode of the Bitcoin Cash Podcast. Or he reads about it on reddit. Or on the Bitcoin Cash website. Or maybe even on read.cash which would not be the same without the very generous support of Marc De Mesel.
What I want to say is that many people have done great things for Bitcoin Cash. We have a community of highly motivated people who want to make Bitcoin Cash a success.
All that is great -- not just for convincing Elon Musk, but everyone who hears about Bitcoin Cash. There is so much great information and promotion on the internet that has convinced me that BCH is much better suited to be an uncensorable, decentralized peer to peer electronic cash system than BTC could ever be -- if BTC actually wanted to be that... 😏
If Elon Musk tweets positively about Bitcoin Cash or if Tesla announces that they also accept Bitcoin Cash as payment for Tesla products, I believe that we will see a violent price explosion to the upside. My estimate is that we will easily blow past $1,000 and approach $10,000 within a couple of days.
I believe that it might, but not very much. If the world learns about the history of BTC and how Blockstream took the project over and basically made it a coin without any real-world applications other than speculation, it might. Especially if Rick Falkvinge is right in his video and the technical problems which Lightning is facing cannot be overcome.
But that education process certainly takes time. So, don't worry BTC maxis, you will probably have a couple of weeks to sell your BTC and buy BCH instead. But the later you do that, the less BCH you get for your BTC. 😏