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Home Cryptocurrency news Bitcoin Cash

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

Tony Spilotro by Tony Spilotro
2 weeks ago
in Bitcoin Cash
Reading Time: 3min read
bitcoin cash fork crypto kim dotcom

Bitcoin getting New Hard Fork Change, Physical Golden Crytocurrency Coin under the fork on the dollars background. Blockchain Transaction System Crisis Concept

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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.

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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.

Related Reading | Analyst: Post Bitcoin, Traditional Finance Will Flock To DeFi, Not Ethereum

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.

Related Reading | Bitcoin Dominance Doji: Why 2021 Could Spell Doom For Altcoins

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
Tags: BCHbchbtcBCHUSDBCHUSDTbitcoinBitcoin CashbtcbtcusdBTCUSDTcryptoxbtxbtusd
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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