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Global Adoption of Bitcoin Cash Is Happening Right Now!
As the CNBC-TV18network explains, "Bitcoin Cash is an evolution of Bitcoin".
Merchant adoption of Bitcoin moved backward as Blockstream and Core devs executed a corporate takeover of the Bitcoin brand in 2015.
Eventually, in 2017, hundreds of businesses removed Bitcoin from their list of accepted payment methods, including Microsoft and Steam, as fees reached higher than $50, and unconfirmed transactions remained in the mempool for weeks.
Bitcoin Cash upgraded Bitcoin to solve the high fees and scalability issues.
Right from the beginning, the community proceeded with reigniting merchant adoption of Bitcoin Cash, a P2P network for payments exactly as Satoshi intended.
Global adoption of P2P Electronic Cash seems to be closer than ever.
Should we accept the arguments of the bankers, the ex-Goldman Sachs execs, and the BTCUSD traders, or perhaps we proceed with the fundamental reasons Bitcoin was designed to accomplish?
Bitcoin aims for mass adoption since its inception. The comment on the Tweet by Gabor Gurbacs and planB is false and influenced by the narrative that Bitcoin can't scale and can't become a currency. The Bitcoin upgrade of 2017 (Bitcoin Cash) proven wrong Core devs, Blockstream, and traders promoting flawed and deceptive narratives.
Bitcoin is a P2P Electronic Cash system of payments proposing a payments revolution in commerce (for online or physical stores).
Satoshi envisioned P2P electronic cash adoption and smart systems as well. The "dynamic smart money" was the next step for Bitcoin Cash, both with sidechains (smartBCH) and on-chain developments enabling smart contracts.
Bitcoin Cash delivered much-desired scalability and expanded the global network of merchant acceptance.
Bitcoin Cash increased its block size following the directions of its founder.
Bitcoin cash is digital cash for the world with the required capacity to reach global adoption.
Moreover, Bitcoin Cash sustains all the Bitcoin scarcity properties:
A fixed limit of 21 million BCH
A halvingmechanism (roughly every four years) that reduces selling pressure (supply) by the miners, supporting the price (even with a stable demand)
Ease of access for everyone (compared to investing in stocks/gold/commodities)
Retail investors can purchase Bitcoin Cash using every major cryptocurrency exchange (Coinbase, Binance, Kraken, Gemini, FTX), trading apps such as Robinhood, mobile wallets such as Bitcoin.com, or the tokenized version of Bitcoin Cash on smartBCH (DeFi), using Metamask.
Bitcoin Cash is available for institutional and accredited investors through traditional financial options such as:
Bitcoin Cash adoption in the region of the Caribbean forced St. Maartens MP and party-leader of the United People's Party Rolando Brison to personally recognize Bitcoin Cash and proceed with exploring legislation to adopt Bitcoin Cash nationwide.
As demand for Bitcoin Cash grows, the price will also increase drastically.
Price will keep growing following adoption until BCH covers the need for an alternative to fiat currency for a significant percentage of the global population. At that point, the price will reach equilibrium.
The decisive factor is demand. The increase of userbase can be either on blockchain with actual users, or with investors (or speculators) as in the case of BTC.
Probably the best approach will be achieved when both users and investors increase.
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