Crypto Investor Brian Kelly Explains why Bitcoin Cash is a Must-Own Digital Currency
Cryptocurrency investor Brian Kelly said on Monday Bitcoin Cash is the must-own digital currency of the moment.
On Saturday, bitcoin cash miners met to discuss funding for a bitcoin cash development fund. Miners are looking to allocate some part of the reward they receive from mining and invest it to expand the BCH ecosystem, Kelly explained.
Kelly told CNBC that in the fund ‘Fast money’, miners will be taking some of the rewards which they get from mining and put it in a fund for building stuff on top of bitcoin cash. He continued:
“That’s how blockchains gain value. You’re going to be getting more use cases to the extent that usefulness translates into value. That could be a positive for bitcoin cash.”
Kelly is a Cryptocurrency investor, and he is CEO of BKCM which is an investment firm that focuses explicitly on Cryptocurrencies.
Kelly concluded that a good looking chart like the one BCH has shown over the last month paired with a catalyst like the announcement of a fund to add value to the coins blockchain “That’s a place I want to buy,”Bitcoin Cash has Seen it’s Ups and Downs.
Bitcoin Cash has also been a subject of controversy as prominent BCH evangelist and Bitcoin.com owner Roger Ver appeared to be intentionally deceiving the website users by masking the distinction between Bitcoin and Bitcoin Cash and misleading buyers into acquiring the latter.
BCH is a peer-to-peer digital currency established in mid-2017 as a result of the hard fork of Bitcoin that took place to solve the scalability problem. With upgraded consensus rules, BCH is able to grow and increase the size of blocks, allowing more transactions to be processed.
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