Kim Dotcom Claims This Fork Is More Undervalued Than Bitcoin, Here’s Why

Tony "The Bull" Severino

4 years ago

3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin has taken over all forms of media, from mainstream to social. The cryptocurrency was trending on Twitter last night after making above $40,000 for the first time.

The hysteria caught the attention of early internet entrepreneur Kim Dotcom, who claims there’s a Bitcoin fork that’s more undervalued than BTC itself and has the “biggest upside potential” in crypto. But what the fork exactly is he talking about?

Megaupload Founder Kim Dotcom Forewarned Of Fiat Currency Destruction

Megaupload founder and early internet entrepreneur Kim Dotcom has long been a proponent of Bitcoin and cryptocurrencies. Years ago, long before record fiat money printing became the theme of 2020, he warned of the eventual crash of the dollar and proposed cryptocurrencies and gold as a way to protect against what is to come.

He said as far back as August 2018 that an economic crash was coming “100%” and he was right. Come 2020, the economy did crash and the dollar is on the ropes.

Bitcoin and other cryptocurrencies are flying. Gold and Bitcoin both set new records in the year and could be a sign that Kim Dotcom’s predictions are regularly accurate.

But could the hard fork Bitcoin Cash really have the “biggest upside potential” in crypto and even be more undervalued than BTC itself?

BCH has a lot more to climb to catch up with BTC. Will it? | Source: BTCUSD on TradingView.com

Early Internet Entrepreneur Is Building Next Project, Will Rely on Bitcoin Cash Instead of BTC

Kim Dotcom took to Twitter today to give his followers another piece of financial advice: Consider Bitcoin Cash and not just traditional BTC.

BTC maximalists were quick to attack the controversial Megaupload founder for his views.

“It’s quite simple. The winners in the crypto race will be the currencies that people use for their daily transactions. That is where BCH shines,” he responded in the same Twitter thread.

He also claims that he arrived at that decision because he’s building “new tech” that he is “confident will be used by hundreds of millions of users.” And the only way to provide the best user “experience” is to choose BCH over BTC.

Admittedly, there’s some truth to his point. The reason for the BCH fork in the first place was to improve upon the OG cryptocurrency’s transaction speed, fees, and scale.

It is hard to believe that there’s more upside potential for BCH as a result when dozens of altcoins do the same job even faster, and Bitcoin Cash is so far behind BTC. But then again, Kim Dotcom has been correct about so many things related to crypto, why would he be wrong now?

Featured image from Deposit Photos, Charts from TradingView.com

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.