In a Twitter message, the notorious Internet entrepreneur associated himself with Bitcoin Cash
Yesterday via Twitter, Kim contrasted Bitcoin Cash with his parent fork Bitcoin, claiming the two are suitable for various purposes. Kim claims that the former is suitable for making payments, in his view, while the latter is more of a medium for storing money. Although the digital rights activist appeared to promote Bitcoin Currency mainly, he still sees Bitcoin’s value growth in the future.
In a tweet, Kim projected that next year alone, the BCH price would skyrocket by over 800 percent to go beyond $3,000. He argued that the crypto coin was being increasingly embraced, and prices would be pushed higher by its rising acceptance rate.
â€œBitcoin > great for asset storage. Bitcoin Cash > great for payments. Bitcoin Cash at $310 today. I expect $3000+ next year. Why? More and more vendors accept crypto. Vendors want low fees and fast transactions. Iâ€™m bullish on BCH. Iâ€™ll retweet this in a year. Maybe earlier,â€Kim wrote.
This is not the first time the organization has lobbied for Bitcoin. He was previously outspoken on the crypto, identifying it as a good value shop. Kim, however, believes that for purchases and payment processing, Bitcoin Cash is better suited.
Kim reiterated that when reacting to Tone Vays, the number of vendors accepting Bitcoin Cash as a payment form was growing.
â€œThe winners in the crypto race will be decided by vendors and users. Focus on the fundamental question: What do vendors and users want? Low fees, fast transactions, high security and ease of use. Vendors and users wonâ€™t hear or care about the tribal hysteria in the cryptoverse.â€Kim said.
The public support of Kim for Bitcoin Cash follows the price comparison of Bitcoin and Bitcoin Cash by Roger Ver as exchanged in Grayscale’s respective trusts. Ver, who is now a Bitcoin Cash supporter, was previously an early investor and enthusiast of Bitcoin. His Bitcoin advocacy won him the nickname, Bitcoin Jesus.
At present, Bitcoin Cash is valued at $315.15, having risen in the last 24 hours by 0.94 percent. On the other side, as of writing, Bitcoin is still swinging around the $23,000 mark.