Dominating the crypto news over the weekend has been the leap in the value of Bitcoin Cash (BCH)<\/p>\n
Bitcoin Cash (BCH) is up 22.83% at the time of press, valuing the cryptocurrency at $704.47 the highest it has been since mid-2018. Driving the price higher has been a glowing recommendation fromKim Dotcom, the founder of the now-defunct file-sharing site Megaupload.<\/p>\n
The German-born New Zealand resident tweeted his support for Bitcoin Cash on February 11th.<\/p>\n
When questioned on Twitter why he supported Bitcoin Cash and not Bitcoin,Kim Dotcom, real name Kim Schmitz, replied:<\/p>\n
Because I believe BCH has bigger potential to become the digital money leader, is currently undervalued and has a team that is open to good ideas and advise. Dont get me wrong, I love Bitcoin too, and ETH and many others<\/p>\n
FBS Added Stocks in FBS Trader AppGo to article >><\/p>\n
A day later, Kim Dotcom followed up with tweetsabout a new website he created that extols the benefits and upsides of bitcoin cash.<\/p>\n
In Kim Dotcoms website, whybitcoincash.com, it is explained thatBCH has remained consistent with Satoshi Nakamotos white paper: purely peer-to-peer version of electronic cash. The website goes on to break down the advantages of BCH whichwas launched in 2017 through a Bitcoin hard fork and build a coin with better scalability than Bitcoin.<\/p>\n
The website goes on to compare and contrast Bitcoin (BTC) and Bitcoin (BCH), a topic covered recently in a Finance Magnates op-ed by crypto expertSydney Ifergan Bitcoin and Bitcoin Cash: A Study Between the Two Major Crypto Coins.<\/p>\n
Since the start of the year, Bitcoin Cash transactions have intensified. Following Kim Dotcoms recommendation and support, data from fork.lol shows that BCH transactions overtook BTC transactions. Having risen 27% on the week, BCH is seeing a spike over the weekend trading which is taking the cryptocurrencys price from $529.47 to its near 30-month high on Sunday.<\/p>\n<\/p>\n
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Bitcoin Cash (BCH) Soars After Kim Dotcom Support - Finance Magnates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Dominating the crypto news over the weekend has been the leap in the value of Bitcoin Cash (BCH) Bitcoin Cash (BCH) is up 22.83% at the time of press, valuing the cryptocurrency at $704.47 the highest it has been since mid-2018. Driving the price higher has been a glowing recommendation fromKim Dotcom, the founder of the now-defunct file-sharing site Megaupload. The German-born New Zealand resident tweeted his support for Bitcoin Cash on February 11th Continue reading