Kelly: Bitcoin Cash is the digital currency of the moment
The investor and CEO of BKCM said that the digital asset could be about to rise again because it may have more use cases
During an interview with CNBC, investor Brian Kelly assured that Bitcoin Cash “is the essential digital currency of the moment”.
The founder and CEO of BKCM, an investment firm focused on digital currencies, explained that recently miners met to “square numbers with the objective of implementing a digital asset development fund“.
In this way, “they will take some of the rewards they get from mining and place it in a fund to build things other than Bitcoin cash,” Kelly said.
“This is how blockchains gain value“, he added. “It will get more use cases to the extent that the utility is translated into value. That could be positive for Bitcoin Cash (…) It’s a place I want to buy”. The investor added that BCH could be about to rise again because it may have more use cases.
Observers of the encryption market expected that the most notable digital currency of all, Bitcoin, would join this rise during Blockchain Week New York. But instead, it decreased by around 10%, falling briefly below the level of USD 8,000.
N. Moncada
Source: CriptoTendencia
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