The well-known cryptocurrency investor strikes an upbeat tune about Bitcoin Cash (BCH) despite its steady decline in price in the wake of recent hard fork that he called an upgrade.
Bitcoin Cash, launched on August 1, 2017 as a result of dividinng Bitcoin, is making several upgrades today. The most sufficient changes are increasing of the maximum blocksize from 8 to 32 MB, adding or reactivating several Bitcoin script operation codes.
In anticipation of Bitcoin Cash hard fork traders are actively purchasing this altcoin. BCH price is growing and has recently exceeded $1,000.
Crypto markets post a good recovery, headed by altcoins, as the overall market valuations move above $365 billion.
Bitcoin Cash has undergone a hard fork creating a new software protocol for its blockchain that aims to reduce mining difficulties and attract miners to its platform.