21 Million BCH
As someone who completely understands what type of tokenomics make a project great can tell you that Bitcoin Cash has everything we could possibly want in that regards.
21 Million BCH
It may seem like a huge number, because we're accustomed to only having a little bit of everything in our possession. A few hundred dollars or even a few thousand square feet of living space, or a year being 365 days. Your work place likely has less than a few hundred employees, your social media posts get only a few likes, you only have a few thousand followers.
Everything we see around us is made in small numbers!
We're as humans are conditioned to think of anything that's a million or more of being a huge, unattainable and unfathomable number. A million dollars is considered a whole lot of money. And a million people is considered a whole lot of people.
But is 21 Million for currency supply a real big huge number, is it plentiful?
Or is it the opposite, extremely scarce?
It's not scarce when you think of country's spending bills in the Billions and Trillions, or even of the number of Millionaire's in the world which are currently numbered around 56 Million.
Money in the hands of individuals goes by a different perception than all the money in the hands of everyone in the world. Now when you're talking about ultra sound money like Bitcoin Cash, it's even more true.
21 Million grains of Salt only fill about 21 Cups. That's not a lot of Salt compared to what is sold in the stores on the shelves at any given time, or the tons of salt shipped from one part of the world to the other? There's a whole lot of salt and 21 cups are just a tiny amount when you look at it in proper perspective.
That's what we ultimately need: Perspective!
If you divide 21 Million coins by the total number of people in the world, each person can only have a little over 0.002625 BCH. That is if all coins were already mined (they weren't yet), none would have ever been lost (I'm sure a whole lot of coins are lost and / or inaccessible) and no one would HODL nor any exchange would keep BCH in reserves to sell on their markets.
Obviously lots of people HODL BCH, a whole lot of exchanges keep Bitcoin Cash in their reserves; even Konra and Narath which are tiny Crypto projects on a small side chain have together over a dozen BCH worth locked up in Liquidity pools across SmartBCH.
Once you split the total supply of BCH across thousands of use cases, and a few million community members, then the 21 Million coins are but a drop of water on a hot stone.
The demand will very soon greatly outnumber the supply, the moment people wake up to it's real potential.
Bitcoin Cash has a LOT going for it and from a tokenomics stand point by there being only 21 Million coins it's already set to be in the top of the list of desired assets of the next decade.
Especially since unlike BTC and ETH there really hasn't been *that* much institutional investment in BCH yet, it's mostly been regular people like you and me getting into it despite a lack of decent media coverage.
BCH is still waiting for our equivalent of Elon Musk and MicroStrategy and El Salvador to throw a few billion dollars into Bitcoin Cash.
Believe me, with the amount of adoption and innovation going on in the background no matter how much FUD they want to spread, that day of large scale institutional investment is coming and few of us can even imagine what will happen to the value of BCH at that point!
Let's look at why this is inevitable!
Bitcoin Cash as Peer to Peer Sound Money:
Just like Satoshi wrote in his white paper Bitcoin Cash is fulfilling the valuable use case of being peer to peer currency in the truest sense of the word. You can send BCH for less than a penny, to anyone in the world, quickly and safely. It's so good that places like Read and Noise can use BCH for thousands and thousands of micropayments every single day.
Very few Crypto Currencies can make this claim to even be capable of doing this.
And here BCH is actually doing it, and has been doing this for years.
In addition Bitcoin Cash is easy to get, anywhere in the world. All the large exchanges list it, you can get it via Decentralized exchanges and even by swapping on many wallets directly. Then there are BCH ATM's scattered around the world; sites such as Read and Noise give thousands of people their first taste of having BCH; some projects are hiring and paying people in BCH and due to the constant adoption push as a merchant you can easily start accepting Bitcoin Cash gaining more customers.
All of these are making it even easier than ever to get your hands on some Bitcoin Cash.
It's also easier to use it than ever before either with tens of thousands of merchants accepting it daily and the existence of multiple solid peer to peer networks allowing you to use BCH for multiple things daily.
Both of these are growing daily; giving BCH one of the biggest use cases in the world.
BCH can fundamentally do everything that Fiat can do, but do it 1000 times better while being completely decentralized!
For example can you use fiat (or even banks) to pay someone for something using a social network?
No, you can't.
However, you can do that with Bitcoin Cash (and even Konra) via Noise App.
This multi faceted use case of Peer to Peer Currency will greatly increase the demand for Bitcoin Cash over time as it's Sound Money of the future.
SmartBCH:
Secondly is DEFI capability, like Ethereum and BNB powering DEFI networks Bitcoin Cash can be used to power powerful new use cases in the Decentralized finance space. You can use BCH to create multifaceted token projects such as play to earn gaming, borrowing and lending, decentralized exchanges, NFT market places and decentralized governance.
All of this is possible via SmartBCH - a new BCH powered SmartChain.
However unlike Ethereum the transactions are ultra fast with a new block coming every 6 seconds and the fees are ultra low, again hovering around a penny for most things and going up to a few cents for the most intense transactions.
This allows anyone in the world to get into DEFI with ease, at any time.
SmartBCH does a lot more than make DEFI available to the masses; it also locks up lots of BCH as projects almost all hold their liquidity paired with BCH and investors pay for everything with BCH bridged to the smartchain.
That means if even Konra Kingdom becomes even a medium sized project then the effect on BCH will be huge. If multiple projects do this type of scaling up, then SmartBCH will grow to the size of Ethereum naturally and quickly as our transactions go through quicker and the fees are much smaller.
Why do I know this?
Because that's exactly what happened to Ethereum, many tokens on CoinMarketCap are ETH based tokens, that have grown big thus directly translating into the value of ETH increasing. But unlike Ethereum which is of unlimited supply, Bitcoin Cash is of limited supply.
There are over 159 Million BNB right now and over 122 Million ETH; with more minted weekly. In addition you can use neither one of them as a peer to peer currency.
Remember, 21 Million BCH will only ever exist and everything in SmartBCH uses BCH.
A few projects on SmartBCH right now have a few thousand BCH locked in liquidity. This may not seem like it's significant - yet as they grow then there will be tens of thousands if not hundreds of thousands of BCH locked into liquidity. Individual investors also lock thousands of Bitcoin Cash into various staking pools on SmartBCH.
Through this any growth of projects and increase of investors via SmartBCH will greatly affect the value of BCH over time as it will directly make BCH even more scarce.
That's why I know SmartBCH is another huge win for Bitcoin Cash and it is very important to grow the side chain and all good projects on it!
Locked up BCH on a side chain = less BCH available on the main chain.
Now look again at the 21 Million Coins in the total supply of Bitcoin Cash.
DEFI as an use case on a very good side chain will at least eat up a million (or two million) of BCH over time.
Store of Value:
Not often talked about but because of the total supply only being 21 Million Bitcoin Cash also proves to be an excellent long term store of value.
Like gold it's ultra scarce, and the more the community grows, the more scarce it'll become while the innovation increases to find us ever yet more use cases.
It has the same amount of coins as Bitcoin; yet unlike Bitcoin it is fundamentally stronger due to it's bigger block sizes and has a lot more use cases. So any argument or benefit given by Maxis will be more so true for Bitcoin Cash as a store of value. In addition we have a lot more going for us as the transactions are faster, and cheaper allowing anyone in the world to get and HODL BCH as a store of value.
Neither fiat nor Ethereum can be a store of value, but again, Bitcoin Cash can!
This means unlike any other Crypto Currency it's actually Bitcoin Cash that becomes viable as one of the best store of values over time.
Due to these three things it's huge as it lets Bitcoin Cash be like Ethereum (powering smart contracts) and be like Bitcoin (a store of value) and also be a sound peer to peer currency (sound Money.)
Three major use cases, fulfilling the same need as multiple other things:
Ethereum, Bitcoin, BNB, Gold, Fiat Money, Governance, Paypal, CreditCards, Banks, etc
Since ONE coin can do all of this, already just five years after it's split and the supply is only 21 Million the question you should be asking is this:
When and how will you get your first BCH?
Do you want to get one now, when the price is only a bit over 100$ or are you going to wait until it's at 1000$ per coin, 3000$ per coin or 10000$ per coin.
Do you want to buy it, earn it, or swap it?
Always remember this: When Elon Musk tweets about BCH it'll be too late to stack your bag full of them; cause then every millionaire will be aware of it! And with 56 Million of them, they'll quickly eat into the total supply of BCH. Once a Country adopts BCH as legal tender it'll be too late too as then every other country will want a piece of the pie too and the amount of BCH available on exchanges will run low quickly. When SmartBCH's Total Value Locked rivals that of Ethereum it'll be too late too as hundreds of projects will have locked most of the BCH up into liquidity pools.
When the supply runs lower, the only place demand can go is to bring the value per coin up.
With BCH this will be exponential! Don't wait too long. The world has slept for the last 5 years, being distracted by the FUD, the news and shiny other coins presented as the next best thing.
Bitcoin Cash is better than anything on the market, as such the world can awaken to the real potential of BCH at any moment...
(Of course not investment advice; do your own research)
And if we look at the recent dip, was good to see BCH doing well in the %drops compared to most other coins!