Bitcoin was supposed to be a peer-to-peer currency, but with 1MB blocks, that won't be a reality. Eventually, market capitalization will reflect just that, and many people and institutions will pay the price for holding that which no longer does what its first mission states.
Bitcoin is number one today, and the price is saying that too, but the price is not the only thing that will keep it number one. Many institutions and rich people like Elon Musk put their money into BTC without realizing the trap they are getting.
Before the rich started buying BTC, bitcoin was acting as a peer-to-peer currency just before 2017, and that's how Satoshi Nakamoto introduced Bitcoin to the world. Later a bunch of people changed it to a store of value and a speculation vehicle. Still, the rich are buying today because of Bitcoin's limited supply and that BTC is running on empty, saying that they are still currency when they aren't. Eventually, those rich people would want to sell at a higher price, but who will buy?
The institution, governments, and the rich are buying BTC. They would want to sell; everyone else won't afford transactions fees on BTC on-chain and LN. Who is going to buy their bags? The regular person on the streets will realize that he can't afford BTC tx fees. I don't think that people will be willing to accept custodian Bitcoin in the future. At least I won't, and anyone who owns BCH or knows that custodian Bitcoin is not the real deal will also not buy custodian Bitcoin.
If you haven't realized by now, the rich think people will accept custodian Bitcoin because people know no better. Still, they are wrong because of websites and people like me and you. People will understand that they want to control their keys and not pay an eye for that privilege. Bitcoin BTC supporters are already going that way. They are happy that people that know no better are buying PayPal Bitcoin or custodian Bitcoin.
So it is critical that we speak the truth and speak out and tell new users that custodian wallets and services are not Bitcoin BTC. Once people realize how expensive BTC is, they will naturally move to the one which is not. That's why the BCH community needs websites like read.cash, noise.cash, and content creators to explain to new users, encourage users to try BTC today, and explain that fees can be much cheaper using BCH.
The market is not giving us a hand on that, but eventually, people will move over, so we must educate new users. The BTC market will run out of people to fool, so the retail investor will leave the Bitcoin Core network and them dry without fiat.
Rich people are buying Bitcoin Core today because they are trying to front-run the retail investor who is not already in. Still, their future buyers won't be able to afford the networks on Bitcoin Core, and so they will lose money because retail will learn if you want Bitcoin as a peer-to-peer currency, you need to buy Bitcoin Cash.
Bitcoin Cash is the future of peer-to-peer currency, and the rest of the retail investors will soon realize that you shouldn't feel sorry because the rich will lose money. You should feel happy. After all, they are trying to create custodian Bitcoin because they think you would want to use custodian Bitcoin to save up on TX fees.
The rich are trying to buy all Bitcoin BTC in circulation to have custodian services to give to the newcomers like PayPal. Still, once they hold all of the BTC in existence, they think they will print more Bitcoin than the 21M max supply by using bank link institutions.
That's another threat that custodian Bitcoin services like PayPal bring is the printing of Bitcoin. If PayPal Bitcoin becomes accepted by everyone, what will stop them from just printing more than the 21M supply limit.
Bitcoin Cash with very cheap transactions means you will put custodian services out of business. Lightning Network on Bitcoin Cash will bring the power of one satoshi to BCH, but we don't need that at the moment because you can send your BCH will little as 300 satoshis. I guess LN on BCH is another topic for another time.
With high transaction fees, say hello to custodian Bitcoin (which can be confiscated) and say hi to supply inflation.
