Megaupload founder Kim Schmitz sees Bitcoin Cash above US$3,000 in 2021
Use as a payment method by online merchants and consumers will drive Bitcoin Cash upwards, according to Kim Dotcom.
Kim Schmitz aka Kim Dotcom, the infamous German entrepreneur and operator of the former file-sharing portal Megaupload, is promoting the benefits of Crypto Genius and also has words of praise for Bitcoin.
In a corresponding tweet to his more than 700,000 followers, Schmitz predicts that the price of Bitcoin Cash (BCH) will gain 867 % in 2021 and climb to more than 3,000 US dollars. That’s why he also wants to run BCH on his own blockchain platform called K.im in the future.
The reason for his optimistic forecast is that more and more online merchants are accepting cryptocurrencies. Their priority would be low costs and speed, in his opinion the best prerequisites for Bitcoin Cash.
Kim Dotcom has repeatedly spoken positively about Bitcoin (BTC) in the past, and now he praises the market leader again, saying it is a „great store of value“. However, he also adds that he sees Bitcoin Cash as a better means of payment.
Bitcoin’s „little brother“ emerged from a spin-off of the market-leading cryptocurrency, with a focus on its use as a means of payment, which confirms Schmitz’s thesis, at least superficially.
In a response to crypto expert Tone Vays, the former Megaupload operator indicated that the number of online merchants who now accept BCH is „steadily increasing“.
Similarly, adoption by the mainstream would go from strength to strength
„The winners of the crypto industry will be determined by the online merchants and users,“ Schmitz says in this context. To this end, he elaborates:
„What do online merchants and users want? They want low costs, fast transactions, high security and user-friendliness. Online merchants and users ultimately don’t care about the formation of groups within the crypto industry.“
The controversial firm’s latest comments come shortly after Roger Ver, himself known as a particularly big advocate of Bitcoin Cash, reported that the Bitcoin offshoot within crypto asset management firm Grayscale’s „Bitcoin Cash Investment Fund“ is trading „for US$6,000 apiece“. The company manages nearly $15.3 billion in crypto assets, though less than 0.5% of that is invested in the Bitcoin Cash Investment Fund.
At the time of going to press, the price of Bitcoin Cash is 309.98 US dollars, which means a gain of 19.5 % in the last week.