Bitcoin Cash: the third crypto in French heart!
Day 11 (Day 10).
I was blogging a few days ago where I was expressing my loneliness in the world of crypto currencies and Bitcoin Cash in my small town in France. It seems that this is not a generalization. I was very pleasantly surprised to learn by reading an online press article today that, Bitcoin Cash was the 3rd crypto currency in the hearts of the French.
The popular French news website "Le Figaro" announced that 8% of French people invest in digital assets including crypto currencies. These figures are based on a study conducted by the firm KPMG, Adan (the association of professionals in the sector of digital assets and blockchain technologies in France. This kind of study is a first in France. It was launched to establish a profile of people interested in crypto currencies in France.
For 60% of these investors it is men under 35 years and with an annual income of less than 18,000 euros. Surprising for the income. Then, for 21% of them they are aged between 35 and 44 years, and finally for the oldest above 60 years only 10% of them trust cryptocurrencies. Most of them live in the Paris region or in large provincial cities. This explains the fact that in this process of democratization of crypto currencies, large cities have a definite advantage over a small town like mine, which is located on the Swiss border, not far from Geneva. For a good part of these holders of crypto-currencies, 61% have launched into the adventure less than three years ago, after the crash of 2018.
The very good surprise is that Bitcoin Cash only comes in third place in the hearts of these French investors! With in order of preference of their in investments, Bitcoin (BTC) for 49%, Ethereum (ETH) for 29% and finally Bitcoin Cash (BCH) for 28%. Note that for only 1% Bitcoin Cash would already be in second place. In conclusion: Bitcoin Cash is taking a nice slice of the cake in France!
BNB or DOT seems to doing well too. This seems logical to me in relation to the inflation of transaction fees on the Ethereum network. Investors with modest incomes are retreating to more profitable networks.
To read more about this publication, check out this link!
"Why do we buy cryptocurrencies? For half of the crypto owners, the first reason given is to get interesting returns. But quickly behind comes the motivation of a long-term investment and a way to protect against inflation (for 22% of them). "
For me, Bitcoin Cash is definitively at the first place!
I'm not a holder, I spend all my earnings on Bitcoin Cash as I need or want. The first advantage in my opinion is the amount of transaction fees. From $0.1 to only a few cents. The speed is second. For example, if I need to send $100 to someone on the other side of France, or in another country, it's done in minutes (transaction verified). Directly into his wallet! Maybe we should emphasize these advantages even more to attract more people to Bitcoin Cash.
I hear you say it often: "The real Bitcoin is Bitcoin Cash!" Okay, folks, you've convinced me! Bitcoin Cash is Bitcoin!
I'm thinking to work on tracks dedicated to Bitcoin Cash. Probably an EP. Which I would leave in the public domain under a Commons license. Anyone could download it for free. A kind of electronica anthem to the cryptocurrency Bitcoin Cash. For the moment, I'm still focused on the next release: Electronic Patterns.
A reminder about communities here on ReadCash related to music or art: Feel free to join them for your publications! :0)
Art - [All Art related] https://read.cash/c/art-all-art-related-97cd
Music General : https://read.cash/c/music-general-d6b6
Rock Music: https://read.cash/c/rock-music-general-8c0e
Electronic Music: https://read.cash/c/electronic-music-general-0dc0
Berlin School Music: https://read.cash/c/berlin-school-electronic-music-19ac
Music Blockchain: https://read.cash/c/music-blockchain-ce78
If you have communities related, don't hesitate to share the links with me in comments.
Thank you to take the time to read me!
See you soon, Friends. :0)
For more about my music, check Soundcloud or Audius.
young people who work are trying to protect themselves from inflation using digital currencies and BCH is among the most important because today many transactions can be made with this currency, good analysis, congratulations.