All media forms, from conventional to social, have been taken over by Bitcoin. After making over $40,000 for the first time, the cryptocurrency was trending on Twitter last night.
The hysteria attracted Kim Dotcom’s attention, an early internet entrepreneur, who believes that there is a Bitcoin fork that is more undervalued than BTC itself and has the “biggest crypto upside potential.” But what exactly is he talking about with that fork?
Megaupload Founder Kim Dotcom Forewarned Of Destruction Of Fiat Currency
Kim Dotcom, a founder of Megaupload and early internet entrepreneur, has long been a supporter of Bitcoin and cryptocurrencies. Years earlier, he cautioned of the dollar’s imminent crash and suggested cryptocurrencies and gold as a way to hedge against what is to come, well before record fiat money printing became the theme of 2020.
As far back as August 2018, he said that a “100 percent” economic collapse was coming, and he was right. The economy has collapsed since 2020, and the currency is on the ropes.
Bitcoin is flying, along with other cryptocurrencies. Gold and Bitcoin have set new milestones in the year and may indicate that the forecasts of Kim Dotcom are correct regularly.
But could Bitcoin Cash’s hard fork still have the “biggest crypto upside potential” and be even more undervalued than BTC itself?
Building the next project, Early Internet Entrepreneur, will focus on Bitcoin Cash instead of BTC.
Today, Kim Dotcom took to Twitter to offer another piece of financial advice to his followers: accept Bitcoin Cash and not just conventional BTC.
The notorious Megaupload creator was swift to criticize BTC maximalists for his beliefs.
“It’s quite simple. The winners in the crypto race will be the currencies that people use for their daily transactions. That is where BCH shines,”he responded in the same Twitter thread.
He also says that he arrived at that decision because he’s creating “new tech” that he’s “confident hundreds of millions of users will use it.” And choosing BCH over BTC is the only way to have the best user “experience.”
There’s some truth to his point, admittedly. In the first place, the BCH fork was to increase the transaction speed, costs, and size of the OG cryptocurrency.
As a result of hundreds of altcoins doing the same job even faster, it’s hard to imagine that there’s more upside room for BCH, and Bitcoin Cash is too far behind BTC. But then again, Kim Dotcom was right on so many crypto-related things, so why would he be wrong?