When will Bitcoin Cash Rise (Will Bitcoin Cash Surpass Bitcoin)?

08/18/2023 06:56 • Blockchain Buzz • 105 views

When will Bitcoin Cash rise? According to Bitcoin.com news, when will Bitcoin Cash rise and why does it rise?

On May 18, 2019, the founder of Binance, Zhao Changpeng, introduced Bitcoin Cash on Twitter. Zhao Changpeng stated, “From October 2015 to January 2020, the price of Bitcoin has risen threefold, but now the price of Bitcoin has fallen by around 70%.”

At the end of 2017, as the price of Bitcoin continued to break historical highs, Ethereum experienced a similar situation. In early 2017, the price of Ethereum once exceeded $1000, but it started to fall in mid-April of this year. However, it later recovered to its highest level, which was also the time when Bitcoin had the highest price increase throughout the year.

In early December 2018, after the fork between BTC and BCH, there was a significant fluctuation in the BTC/USDT trading pair, and the market share of BTC/USDT decreased in the first quarter of 2019.

Will Bitcoin Cash surpass Bitcoin?

In a recent interview, Cindy, a member of the Bitcoin Cash team and a former employee from Hong Kong, China, stated, “Bitcoin may surpass cryptocurrencies and become the next-generation payment technology.”

In fact, since 2009, Bitcoin has experienced two major developments and changes. The first was during the bear market period after the 2008 financial crisis, and the second was the dot-com bubble in 2010 and the subsequent global turmoil, which led to the instability of the digital asset market. In early 2018, US President Trump signed a law allowing companies to issue their own cryptocurrencies. Once again, starting in mid-2019, Facebook launched a blockchain-based enterprise version of WeChat called Libra and plans to release its whitepaper by the end of 2020.

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When will Bitcoin Cash Rise (Will Bitcoin Cash Surpass Bitcoin)?

Will Bitcoin Cash surpass Bitcoin?

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