Bitcoin Cash 2023: Invest In A Decentralized Economy

Here’s Why Investors Are Attracted to Bitcoin Cash

The market is showing interest in Bitcoin Cash, for several reasons.

We look at some factors that contributed to this influx of investors.

A compilation of various parts from stories I previously published on Medium, converted into video format.

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Introduction

A blockchain that lacks decentralization is essentially worthless.

There are no trade-offs. The real value behind any cryptocurrency is censorship resistance.

With decentralization absent, we end up with a centralized spreadsheet, a financial network controlled by a small team or an individual.

Bitcoin Cash is a permissionless, fast, and reliable peer-to-peer electronic money system, scaling to meet mass adoption.

Bitcoin Cash contains the scarcity features of Bitcoin, but also scales on-chain to meet global demand for censorship-resistant digital cash.

If anyone is wondering why Bitcoin Cash price recently increased sharply, this is one of the reasons.

However, there are more.

Here is why the market sees potential in Bitcoin Cash and why we witnessed an influx of investors recently.

Commentary:

Bitcoin Cash supports non-custodial use and presents decentralization throughout all network participants.

The concept of decentralization has been solely oriented toward running a non-mining node, although this approach by self-proclaimed Bitcoin maximalists misses out on several points of failure that can emerge.

The decentralization aspect does not solely rely on miners.

The blockchain constituents include miners, developers, users, exchanges, and wallets.

Decentralization is the vehicle that delivers financial freedom, meaning censorship resistance. This is not guaranteed solely by running a non-mining node but requires no team or private company controlling the rest of the constituents either.

Unlike blockchains with a foundation determining upgrades or a single small team of devs dictating discussions, Bitcoin Cash, with the CHIPs process and different development teams, reinforces decentralization.

All the developments on top of blockchain (wallets, services, exchanges) support the non-custodial use of Bitcoin Cash.

Clearly, decentralization is paramount in Bitcoin Cash.

Developments

The CashTokens upgrade initiated a new era for Bitcoin Cash.

Smart contracts enable true DeFi, tokenization, NFTs, prediction markets, Covenants, Oracles, and a plethora of economic activity on the technologically superior Bitcoin Cash blockchain.

May 2023 marked the new phase for Bitcoin Cash, the evolution into a peer-to-peer Economy.

Bitcoin Cash is a clear winner in maintaining the core concept of P2P Electronic Cash, promoting permissionless money with low fees and instant transactions.

With the Cashtokens upgrade, Bitcoin Cash extends into digital finance, reinforcing the permissionless use of the blockchain and transforming it into a peer-to-peer economic model.

The first developments on CashTokens show promise:

• Emerald DAO
• BCH Guru
• BitCats Heroes
• Cauldron Dex

As more projects emerge we should expect a rising economic activity on the Bitcoin Cash blockchain and a sharp rise in daily transactions.

Commentary:

CashTokens is a unique and unexplored territory related to smart contracts.

UTXO-based smart contracts are unrelated to Ethereum and EVM-compatible smart contracts, suggesting we can’t predict what new developments will materialize.

Still, we can foresee they will massively reshape the cryptocurrency field.

With CashTokens, Bitcoin Cash didn’t just include smart contracts, but it assists the whole aspect of smart contracts to evolve, enabling new horizons for this technology.

Institutional Adoption

On the finance aspect regulators and institutions sustained their valuation of Bitcoin Cash as one of the top cryptocurrencies:

• Hong Kong Regulators Approved Bitcoin Cash and the
• Institutional market EDX listing
• Finance does not consider Bitcoin Cash a security, and Gary Gensler (SEC’s head) specified this in 2018.

Only four cryptocurrencies matter to finance.

· Bitcoin (BTC)

· Bitcoin Cash (BCH)

· Ethereum (ETH)

· Litecoin (LTC)

And just two of them deliver vast innovation, Ethereum and Bitcoin Cash.

Ethereum was the beacon that brought thousands of developers into cryptocurrency and delivered enormous financial innovation. Yet, Ethereum is ravaged by high fees when usage increases since it also failed to achieve scalability.

Bitcoin Cash, on the other hand, is proof that blockchain can reach global scale adoption and onboard billions of people into non-custodial Peer-To-Peer Electronic Cash and finance.

Bitcoin Cash offers Decentralized Finance, but not just for the wealthy that can afford to pay $500 fees on Ethereum.

Today, Bitcoin Cash with the CashTokens upgrade offers decentralized finance to everyone.

All it takes is having a $50 smartphone and an internet connection to become part of modern finance with Bitcoin Cash.

Finance for the masses.

The Era Of Bitcoin Cash

Commentary:

Bitcoin Cash is not here to ignore businesses and finance but improve the financial conditions and present solutions to problems the legacy establishment can’t fix.

Bitcoin Cash is better money, at least better than fiat. It presents a reliable payment network with instant transactions with low fees.

It also offers censorship resistance which apparently will support commerce more than the banks allow anyone to believe.

With smart contracts enabled, Bitcoin Cash also presents a platform for finance to build new tools and support progress.

Bitcoin Cash matures into a multi-tool that presents solutions.

The ability to positively disrupt finance, commerce, and industries, is what institutions observe in Bitcoin Cash, and why they always include it in their small list of cryptocurrencies approved as reliable and innovative.

The Era Of Bitcoin Cash

Bitcoin Cash proves it is the most undervalued cryptocurrency as its price increased by 200% on the bullish news of its listing on the new institutional EDX market.

We can only imagine the amounts of money that will enter Bitcoin Cash in the coming years. It’s possible that Bitcoin Cash will regain its position as the third or fourth-largest cryptocurrency by market capitalization. However, it is important to note that this is just a prediction, not financial advice.

This is not a riddle anymore. It is just four cryptocurrencies and two of them are already in hundreds of billions of market cap.

Only Bitcoin Cash and Litecoin stand at lower levels.

The price action from now on will follow the positive sentiment.

Anyone is welcome to build and invest. Those that are building today will get the first-mover advantage.

Soon Bitcoin Cash will begin taking a piece of the Ethereum market. With the CashTokens upgrade, developers can utilize smart contracts on the robust Bitcoin Cash blockchain, without having to worry about high fees or network congestion. Literally, no one prefers to get ripped off by Ethereum fees.

The volumes will slowly move to DeFi BCH and at some point massively abandon Ethereum for the next best-decentralized economy.

Commentary

Investing-wise, Bitcoin Cash offers an excellent entry point.

However, as already mentioned, we can not advise financially on whether to invest in a cryptocurrency, a stock, real estate, gold, and so on.

This article presents a prediction based on facts, however, prices of cryptocurrencies and markets, in general, can be irrational for far too long than we can predict.

At the end of the day, Bitcoin Cash offers a technological superior blockchain that outcompetes anything else.

Anyone can just start using BCH and explore instant transactions with fees lower than a penny if they find it useful.

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