Internet entrepreneur and digital rights activist Kim Dotcom has enthusiastically promoted Bitcoin Cash as a medium of exchange, but remains optimistic about Bitcoin.
According to a tweet to its 711,700 followers today, Dotcom predicted the price of Bitcoin Cash (BCH) was set to grow 867% to over $ 3,000 by 2021. He said he also went on to support BCH on its crypto-enabled peer-to-peer content monetizing blockchain K.im.
Bitcoin> great for asset storage
Bitcoin Cash> great for payments
Bitcoin Cash today for $ 310.
I expect $ 3000 + next year.
More and more suppliers are accepting crypto. Sellers want low rates and fast transactions.
I am optimistic about BCH.
I’ll retweet this in a year.
– Kim Dotcom (@KimDotcom) December 17, 2020
Puntcom has been an outspoken advocate for Bitcoin (BTC) for some time as a store of value, but seems to suggest that BCH is better for transactions. In response to Bitcoin influencer Tone Vays, he said the number of vendors accepting BCH is “steadily increasing” and cryptocurrency acceptance for the average internet user is likely to increase.
“The winners in the crypto race are determined by sellers and users,” said Puntcom.
“What do suppliers and users want? Low costs, fast transactions, high security and ease of use. Vendors and users will not hear or care about the tribal hysteria in the cryptoverse. “
The entrepreneur’s comments came when BCH advocate Roger Ver reported that the token was currently trading “for about $ 6,000 each” in Grayscale Investments’ Bitcoin Cash Trust, while BTC was sold for $ 30,000 in the company’s Bitcoin Trust. Company keeps approximately $ 15.3 billion of crypto assets under management as of today. However, less than 0.5% of the total – $ 71.2 million – is in the Bitcoin Cash trust.
The price of Bitcoin Cash is at $ 309.98 at the time of publication and is up 19.5% in the last week.