{"id":112769,"date":"2021-02-14T08:12:47","date_gmt":"2021-02-14T08:12:47","guid":{"rendered":"https:\/\/precoinnews.com\/?p=112769"},"modified":"2021-02-14T08:12:47","modified_gmt":"2021-02-14T08:12:47","slug":"bitcoin-cash-bch-soars-after-kim-dotcom-support","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-bch-soars-after-kim-dotcom-support\/","title":{"rendered":"Bitcoin Cash (BCH) Soars After Kim Dotcom Support"},"content":{"rendered":"<p>Dominating the crypto news over the weekend has been the leap in the value of Bitcoin Cash (BCH)<\/p>\n<p>Bitcoin Cash (BCH) is up 22.83% at the time of press, valuing the cryptocurrency at $704.47 &#8211; the highest it has been since mid-2018. Driving the price higher has been a glowing recommendation from\u00a0Kim Dotcom, the founder of the now-defunct file-sharing site Megaupload.<\/p>\n<p>The German-born New Zealand resident tweeted his support for Bitcoin Cash on February 11th.<\/p>\n<blockquote>\n<p\nlang=en dir=ltr>Bitcoin Cash will be the greenest of all crypto currencies.<\/p>\n<p>&quot;Instead of fees, plant some trees.&quot; #BitcoinCash pic.twitter.com\/xEx5Z5ndwx<\/p>\n<p>&mdash; Kim Dotcom (@KimDotcom) February 11, 2021<\/p>\n<\/blockquote>\n<p>When questioned on Twitter why he supported Bitcoin Cash and not Bitcoin,\u00a0Kim Dotcom, real name Kim Schmitz, replied:<\/p>\n<p>&#8220;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. Don&#8217;t get me wrong, I love Bitcoin too, and ETH and many others&#8221;<\/p>\n<p>A day later, Kim Dotcom followed up with tweets\u00a0about a new website he created that extols the benefits and upsides of bitcoin cash.<\/p>\n<blockquote>\n<p\nlang=en dir=ltr>Many people are asking me why I\u2019m supporting Bitcoin Cash and why I think it has the biggest upside potential. Good question.<\/p>\n<p>I made this little website for you:https:\/\/t.co\/DIOiBCf1HB<\/p>\n<p>&mdash; Kim Dotcom (@KimDotcom) February 12, 2021<\/p>\n<\/blockquote>\n<p>In Kim Dotcom&#8217;s website, whybitcoincash.com, it is explained that\u00a0BCH has remained consistent with Satoshi Nakamoto\u2019s white paper: \u201cpurely peer-to-peer version of electronic cash.\u201d The website goes on to break down the advantages of BCH which\u00a0was launched in 2017 through a Bitcoin hard fork and build a coin with better scalability than Bitcoin.<\/p>\n<p>The website goes on to compare and contrast Bitcoin (BTC) and Bitcoin (BCH), a topic covered recently in a <em>Finance Magnates<\/em> op-ed by crypto expert\u00a0Sydney Ifergan &#8211;\u00a0Bitcoin and Bitcoin Cash: A Study Between the Two Major Crypto Coins.<\/p>\n<p>Since the start of the year, Bitcoin Cash transactions have intensified. Following Kim Dotcom&#8217;s 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 cryptocurrency&#8217;s price from $529.47 to its near 30-month high on Sunday.<\/p>\n<p>&nbsp;<\/p>\n<p>Source: <a href=\"https:\/\/www.financemagnates.com\/cryptocurrency\/bitcoin-cash-bch-soars-after-kim-dotcom-support\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dominating the crypto news over the weekend<\/p>\n","protected":false},"author":3,"featured_media":112768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Cash (BCH) Soars After Kim Dotcom Support - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/bitcoin-cash-bch-soars-after-kim-dotcom-support\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Cash (BCH) Soars After Kim Dotcom Support - 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