tied to bitcoin ,
It also has smartBCH an evm sidechain that uses sep 20 to access smart contracts with 50 million in tvl, the decentralized bridge is being built now with the shagate upgrade in may on the layer one scale.
I mean, idk. But it has a community and I think it can hit 1600 again so.. idk. I mean what’s xrp doing? That’s worth 40 billion. Right now. 1640 is only 29 billion for BCH. That’s a 5x
BCH is not tied to Bitcoin, carry on.
It’s imitation Bitcoin using the name to ride the coattails. Why buy the knock off when you can buy the real thing. Just like LTC and ETC. People holding it are delusional to think it will ever be a thing. And new retail are only buying it because they’re ignorant and think it’s discounted Bitcoin. Legal tender on some Caribbean island ain’t shit.
BCH is grandfathered in considering the code is the same. Greyscale is applying for a BTC spot etf. There already compliant with their reporting standards on they’re greyscale BCH trust. The goal is to have every sec regulated crypto in the greyscale trust to have a spot ETF , If btc gets accepted, the next plan is for the ladder. The greyscale large cap crypto trust holds BCH as its least holding . 0.71% They will get a spot etf for that eventually. And that should bring major capitol into them. There’s things happening behind the scene.
Not that simple, how is that coin distribution, pretty sure Richard got himself a nice pie.
Oh I agree that people are buying it. Normies gonna norm. Still doesn’t make it a good investment.
Pretty good actually. It was distributed to every single bitcoin holder prior to the hard fork in august august 2nd . I missed it by 1 day , the first day I purchased bitcoin. Actually * I bought 2
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