¿Will the price of Bitcoin Cash rise?

Bitcoin cash just produced massive news a few days ago, you see bitcoin cash just launched as an exchange traded product in the german market by etc group, this is their fourth etp or exchange traded product following their bitcoin ethereum and litecoin listings, this product is now available as a traded product on the bitcoin cash etp exchange on deutsche bros sita, if you see a listing like this, it means institutional investors can hold it in their portfolio, which means more bitcoin cash inflow, which means higher prices, but not only that I really believe that bitcoin cash is undervalued compared to bitcoin, so we decided to add bitcoin cash to our portfolio, so in this video let's go through some of the latest news, some statistics that made me believe that bch bitcoin cash has the fundamentals to outperform most of the market, bitcoin included.

Now first we need to understand the difference between bitcoin and bitcoin cash, however I will make it philosophical as proposed by bitcoin inventor satoshi nakamoto bitcoin was meant to be a peer-to-peer cryptocurrency that is used for everyday transactions however in recent years, as it has gained mainstream traction and the price has been seeking bitcoin has become an investment vehicle rather than a currency its blockchain witnessed scalability issues because they could not talk about traditional bitcoin could not handle the increased number of transactions, confirmation time, for example, and fees for a transaction in bitcoins on the bitcoin blockchain, have sought transactions that have been queuing up and we had to wait for confirmation simply because the blocks could not handle the ever increasing size increase for transactions with cash currency on the other hand they have proposed and have r Solved the situation by increasing the size of the blocks to between 8 megabytes to 32 megabytes a bit technical, however, therefore, they are allowing the processing of more transactions per block, you see the average number of transactions per block in bitcoin at the time the bitcoin cash.

Proposed was between one thousand and fifteen hundred, the number of transactions on the bitcoin cash blockchain during a stress test in September 2018 increased to 25000 per block, in addition, the original vision of satoshi engines, good old satoshi nakamoto, of a payment service as a reason to increase the block size before we get into the news, let's first take a look at the statistics, let's first take a look at the current price of bitcoin cash is trading around 500 with a market capitalization of about 9 billion, however, let's go down and have.

If we take a look at the year-to-date chart, we can see that it had its all-time high, not all-time high, but it had its all-time high in 2021 at 1589, which takes it and gives it a discouragement. nt from its current all-time high at 68 percent now, if we look at its all-time high, which was four years ago, it's down 88, but I think 68 from its current all-time high, as we can see here, is already pretty good and what I did was I compared it to bitcoin, so here we are combining here, we're comparing bitcoin with bitcoin cash and we can see that so far we've compared it here with the beginning of this year, basically the end of 2020, we can see bitcoin has actually exceeded yes up to 475 while bitcoin cash only up to 133, but just looking at it look at the potential we should go up to 2021 is of all time.

So we can clearly see that there is a lot more room to grow a bitcoin cash now let's go on and look at some additional statistics on the blockchain itself, here we are looking at bitcoin, so we can see here, for example, we can see that they have if they go and look at the 24 hour statistics bitcoin has 267000 transactions now we can see bitcoin cash is obviously smaller but it has 93000 transactions Ions are also not small, but what I want to get to and this is where we should go and look at the total addresses, so here are the total addresses that we're looking at with bitcoin and we can see at the beginning if we compare just to Back to March 28 with 37 million addresses and compared to today with 38 million addresses, that's an increase of 3. 8 percent in new addresses, let's take a look at Bitcoin Cash, a Bitcoin Cash we can see at the beginning of March 28, we had a total with Balance 16.2 million addresses compared to today is 18 million 870 000.

That's not a 3.8 increase, but in fact a 16.8 percent increase now needless to say if this is going to continue well then we could overtake bitcoin, I mean, just think about it, bitcoin has a market cap of almost 800 billion and bitcoin cash has a market cap of about 10 billion and let's take a look at the use cases, just for a second, we all know that PayPal is accepting four different cryptocurrencies. ncies bitcoin ethereum litecoin and bitcoin cash now has also been rumored by an amazon insider now obviously nothing that I can confirm they are going to start with bitcoin and then they are also going to introduce ethereum litecoin and bitcoin cash, which brings me to today's news, etc group launches the fourth crypto to offer a traded product on the bitcoin cash etp exchange, so etc groups bradley duke teams up with proactive london to introduce the new bitcoin cash etp following the success of bitcoin ethereum and litecoin etp, the product is now available as bitcoin cash ecp exchange traded products on Deutsche Burst etc.

They aim to be the lowest cost bitcoin cash product currently available while benefiting from high quality institutional grade security and safekeeping and one hundred percent physically baked in features that match the groups, etc.or securities, etc., so you can also if you go on their website you can see here what they actually offer well the other four cts products, as we know, they got the bitcoin, etc.the ether, etc., the litecoin and now the bitcoin cash and down here you can see the quality, the etcs are structured efficiently and we just partner with you, we know the best and the best, but what does this really boil down to.

Is that institutional investors can now get access and pour bitcoin cash so that's what that is for me today I hope you enjoyed this little article.