Bitcoin Cash Will Melt Faces
Bitcoin Cash (BCH) has experienced a remarkable rise, moving from under $100 in 2023 to $700 in April 2024. Although profit-taking led to a pullback, a recovery is now underway, with expectations for new highs on the horizon.
This increased volatility is promising for a potential bull run, but beyond speculation, several other factors suggest Bitcoin Cash could reach new price levels.
The current positive cycle in crypto markets finds Bitcoin Cash positioned with years of community stability and steady progress.
Progress is evident in several key developments, including the reintroduction of Bitcoin's smart contracts via opcodes (CashTokens) and a growing recognition within the many crypto communities that blockchain scaling is essential, and Bitcoin Cash actually delivered in that.
Three major points could shape Bitcoin Cash’s trajectory during this bull run:
Bitcoin (BTC) may start losing market dominance rapidly.
Bitcoin Cash has consistently held a place near the top-10 by market cap, demonstrating its resilience.
The finance industry has embraced BTC, ETH, and BCH, but the relative importance assigned to each may shift significantly in the near future and in favor of Bitcoin Cash (BCH).
Additionally, Bitcoin Cash benefits from a large, sophisticated community that seems to finally be winning the argument against Core.
Let’s delve deeper into these points to understand why Bitcoin Cash is primed for continued growth.
The Free Market Will Prevail
Since 2017 BTC keeps losing dominance and the possibility of Ethereum passing on the first place is again increased.
However, an irregularity in the market currently favors BTC, allowing it to maintain and even slowly increase its dominance. This irregularity stems from the fact that ETFs are focused solely on BTC—a situation that goes against the principles and fundamentals of a true free market.
As a result, BTC dominance has climbed back above 50%.
The SEC has given the green light exclusively to BTC, but probably this will change in the coming months.
Besides BTC, financial regulators have also accepted Ethereum and Bitcoin Cash as projects that do not constitute securities.
In fact, from a regulatory standpoint, nearly all assets besides BTC, Bitcoin Cash, and Ethereum are treated as securities.
Notably, not even Litecoin was spared from this, if we take into account the latest eToro deal with the SEC:
eToro has agreed to offer only BTC, BCH, and ETH on its platform for U.S. users, excluding all other assets, including Litecoin.
While this isn’t exactly a positive development, it highlights the high level of centralization present in most crypto projects. For institutional investors, these three assets (BTC, BCH, and ETH) have become the primary focus, a trend we have discussed extensively in the past, especially when BCH broke the $130 mark in 2023:
Therefore, it makes sense to invest in the most undervalued of these three: BCH which offers the best risk/reward ratio.
Furthermore, over the long run, we can reasonably expect BCH to regain ground relative to BTC and ETH.
Back in 2017, the market picture looked like this:
Between 2017 and 2020 Bitcoin Cash lost ground after enduring two "civil wars," leading to significant community splits and the creation of two major forks: BSV and eCash. These splits diverted some of the capital that had originally supported BCH and also led to the loss of key individuals from the community.
For many reasons it seems unlikely for most of the leading figures of these two communities to rejoin Bitcoin Cash and pursue the shared vision peer-to-peer cash for the world.
But as we know, the crypto landscape is unpredictable, and alliances could shift over time.
Bitcoin Cash is not perfect, but at least it represents a cause worth following.
We have a working version of Bitcoin, one that follows the expectations of Satoshi Nakamoto and most of the individuals that followed and succeeded him in Bitcoin's early years.
Having studied all of Satoshi's writings—his emails, forum posts, and the whitepaper—I believe that Bitcoin Cash is the embodiment of his vision.
The principles Satoshi outlined, including fast transactions a payment-focused and decentralized network, are alive in Bitcoin Cash.
The Design Supports Users Just Be Users
Users don’t need to run a full node to verify every transaction on the blockchain, wasting time and resources.
Instead, Simplified Payment Verification (SPV), described in Chapter 8 of Satoshi's whitepaper, works seamlessly.
One of the best illustrations of Satoshi’s vision is the "snack machine" example, where he defended Bitcoin as a means of exchange.
Satoshi emphasized Bitcoin's practicality for everyday transactions while addressing critiques from Dan Larimer (EOS, Steem, BitShares) and ended his argument with the famous quote
If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
Satoshi would likely be proud of Bitcoin Cash today, and many from the BTC camps are starting to acknowledge that their initial perception of events was incorrect.
Satoshi was clearly a big blocker, and over time, more people in the crypto space are realizing this, despite the numerous attempts to obscure these facts.
In his final email, Satoshi expressed his belief to former lead developer Mike Hearn that Bitcoin's scalability never hits a ceiling.
The time required to research what really happened is too much for the average person.
It takes even longer to admit that as newcomers we became subjects of deception and manipulation.
Yet, the questions regarding thedirection the project was taking were always there.
The conflicting messages from Core, which blatantly contradicted the white paper and the original intentions of the early Bitcoin community, have always triggered an alarm.
It’s the unease you feel when you're told everything is fine, but you sense warning shots being fired in the distance.
Over time, it became clear that the path being pushed forward wasn’t aligned with the original vision. Now, many are waking up to this reality, realizing that the concerns were valid all along.
Perhaps the weight of the BTC bags is too much for some, while others found an opportunity to build profitable projects and companies.
But when we step back and look at the situation objectively, free from personal bias, it becomes clear which side of the 2017 Bitcoin fork was in the right.
BTC maximalists claim they won every single argument by the price increase of BTC. But was it all about the price?
The price was set to largely appreciate for the side that would inherit the network effect the Bitcoin logo and brand name carried.
With deceptive marketing and liquidity injections by fake USDT (Tether), how long can this illusion be sustained?
The Bitcoiners who supported Bitcoin (BCH) were entirely justified in their frustration with the practices, deceptions, and bad actors within and around the Core/Blockstream ecosystem.
It is also quite peculiar how easy they won the argument and won the block size war simply because the price of BTC kept appreciating.
They knew it was just the price they needed to sustain at extremely high levels and they achieved it, with various michevious ways:
(Bitfinex/Tether Exec Giancarlo Devasini)
Had Bitcoin stayed true to the path envisioned by Satoshi Nakamoto, most likely its price would have surged much higher, as people were already using it both as a means of exchange and a store of value.
The commitment to development, marketing, and unity remains strong, and it’s these qualities that offer hope for BCH’s continued growth and resilience,in a landscape dominated by memes, hype and distractions.
CashTokens
CashTokens is built on the original opcodes introduced by Satoshi, which were re-enabled and enhanced on the Bitcoin Cash blockchain in 2023.
This development has opened the door for DeFi, NFTs, and various tokenization projects to be built directly on the Bitcoin Cash mainchain, offering high reliability, low fees, and instant transaction speeds.
With zero-confirmation (0-conf) transactions, BCH provides instant settlement, while double-spend proofs ensure a high level of security and reliability.
In fact, the system is so robust that only large-value transactions typically require additional confirmation, making BCH an ideal choice for fast and secure transactions in a decentralized environment.
With Bitcoin Cash, anyone can buy their coffee for less than a penny in fees, with instant transactions.
Users can dive into DeFi projects without the burden of sky-high Ethereum fees or the uncertainty of waiting for transactions on unreliable and centralized networks like Solana.
CashTokens projects like Cauldron DEX, TapSwap, BCH Guru, A Fifth of Gaming showcase the infinite possibilities of the modern Bitcoin Cash blockchain.
Bitcoin Cash offers a seamless and affordable experience for both everyday transactions and decentralized finance, making it an attractive alternative in a space often plagued by inefficiencies.
The Community
It’s rare to find a community as driven and diverse as that of Bitcoin Cash, with a large crowd of active users at all times.
(The Bitcoin Cash Podcast on X)
This is the envy of the entire cryptocurrency space and the primary reason Bitcoin Cash remains a significant threat to Core's deceptive methods.
Today, those who attempt to suppress the truth and logic behind Bitcoin Cash’s philosophy find it increasingly difficult to do so.
There’s a growing recognition of the value and principles that BCH represents.
For the past two years, we are winning debates through logic and clear reasoning, and I have to admit, I’m proud to be part of this community.
A community filled with individuals who truly love Bitcoin Cash and refuse to back down at the first sign of difficulty.
More people than ever are now eager to cut through the noise and get to the heart of the matter. And lately, an increasing number of serious individuals are seeking to determine if there’s something truly worth their time in the field of cryptocurrency.
These individuals, who will shape the future of our economy and society, are increasingly discovering Bitcoin Cash and finding a community of dedicated professionals and genuine individuals backing it.
What they find in Bitcoin Cash is something real and valuable, something that’s missing in Core/Blockstream's vision.
This is also the conclusion I reached after years of extensive research and endless discussions with the BTC, BCH, and various other communities.
In Conclusion
The reason Bitcoin Cash remains right there at the top, relevant, noticed, and a threat to Core's destructive plans, is its community.
The people who, even if we don’t always agree on everything, they are united in a shared vision.
We all agree on the need for sound, permissionless digital cash, and that’s what truly matters.
Even those currently on the sidelines, not actively involved in development, discussion, or promotion, forever hold Bitcoin Cash in high regard.
A decentralized, transparent, and accessible financial future for everyone is a vision that transcends short-term price narratives.
Over time, the market will recognize the deeper value of this vision.
As more people come to understand what we’ve built on Bitcoin Cash, the momentum will only continue to grow.
I highly recommend reading Hijacking Bitcoin by Roger Ver. You can purchase the book here:
Be sure to watch my video, which includes excerpts from the book:
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👉 LinkTree (my links)
👉 Tipb.ch
CashTokens Address:
bitcoincash:zr4nz4jv6jtf7q5tul8dy9j58u24pwawxsm0hh8hwz
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