On December 17, the internet entrepreneur and political activist Kim Dotcom spoke about bitcoin being a â€œgreat asset for storage,â€ and then further stressed that bitcoin cash was â€œgreat for payments.â€ Dotcom said he expects bitcoin cash to jump in value by 900% next year and reach a $3k per unit handle.
Megaupload creator, Kim Dotcom, has been tweeting about the rising cryptocurrency economy, alongside the troubled U.S. economy as well. Last month, Dotcom said a â€œgreat depression is comingâ€ and also insisted that the â€œU.S. economy [is] on such a massive jolt of monetary heroin thereâ€™s no dialing back the dosage.â€
â€œBitcoin > great for asset storage,â€ Dotcom tweeted. â€œBitcoin Cash > great for payments. Bitcoin Cash at $310 today. I expect $3,000+ next year,â€ the internet entrepreneur added. Dotcom also said:
Of course, Dotcom got a lot of criticism from those who dislike bitcoin cash and BTC maximalists. One individual wrote: â€œI respect you but please donâ€™t shill bitcoin cash.. it has no use case.â€
However, Dotcom was quick to respond and said: â€œBCH has many use cases today. And K.im will use BCH.â€ The K.im platform allows anyone to upload documents, code, videos, and music files so they can get paid in crypto for their work.
When software engineer Josh Ellithorpe responded to Dotcomâ€™s tweet he wrote that â€œthere is no doubt that BCH is undervalued right now at $310.â€ Dotcom responded to the developerâ€™s tweet:
Dotcom has openly spoken about his thoughts on bitcoin cash (BCH) in the past. In an interview with BTC maximalist Tone Vays in January, Dotcom said maximalists were â€œstupidâ€ for ignoring a peer-to-peer cash vision. â€œYou and Roger [Ver] have a lot of disagreement about a lot of things,â€ Dotcom said to Vays during a poker game interview.
â€œI met with Roger and I sat down with him, and I understood where he was coming from,â€ Dotcom continued. â€œHe shared with me some of the innovations that heâ€™s working on. I think the guy at the moment, in terms of his way of thinking and where he is in his innovation, is a step ahead. I feel it would be stupid to ignore someone like that â€¦ that helps to use whatever he creates to make the entire space better.â€
What do you think about Kim Dotcom saying bitcoin cash will gain 900% by next year? Let us know what you think about this subject in the comments section below.
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