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.
As the debate for the real Bitcoin escalates, billionaire investor Mike Novogratz makes it clear that BTC is the real one and the “digital gold”.
Bitcoin Cash price rise together with growing interest towards this altcoin from the side of crypto enthusiasts make BitPay change its decision and add BCH support.
The overall crypto market valuations have touched $420 billion as Bitcoin Cash and EOS post 10% and 15% gains respectively.
While crypto market continues its positive show with Bitcoin Cash as the show-stopper, analysts remain bullish on the future.
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.
The transactions costs on the Bitcoin network have gone lowest in the past six months due to the reduction in network congestion as well as with the implementation of the SegWit support.
Coinbase, the largest cryptocurrency exchange and wallet provider in the U.S., has launched a PayPal-like plugin. Coinbase Commerce allows to make Bitcoin, Bitcoin Cash, Ethereum and Litecoin payments.