The controversial political activist Kim Dotcom, has just joined the Bitcoin Cash community despite being long involved in crypto but now wants to make it popular so let’s read more in today’s bitcoin Cash news.
Kim Dotcom is a political activist and founder of the currently defunct file-hosting service MegaUpload which has joined the Bitcoin Cash community officially according to a tweet this morning. The announcement comes one year after Kim moved to evangelize Bitcoin Cash and cited “toxic” and infighting the BTC community as the main cause. Kim said that he will lead efforts to make BCH the world’s leading electronic cash solution saying that he will work towards a bigger adoption of the cryptocurrency and the tie-up with the online vendors to launch the user base.
How did the cryptoverse get so toxic? It doesn’t matter which crypto leads in the future. What matters is that the idea of crypto finds mass acceptance so that all of humanity can benefit. The crypto community should work together on that common goal. Respect each other. #crypto
— Kim Dotcom (@KimDotcom) January 11, 2021
The German-Finnish entrepreneur gained more fame in the early 2000s after he became a dotcom millionaire and lived quite a lavish life. He was convicted of fraud by the US government in 2012 but since then he worked as a political activist in New Zealand and was quite a strong crypto advocate. In the meantime, when he was asked why he preferred Bitcoin Cash over BTC, he said:
“Because it works. Low fees, fast transactions, easy to use, and secure. I looked at all cryptos to use for my upcoming new innovation and Bitcoin Cash ticked all the boxes. BCH is already implemented with 100K+ vendors and that number is increasing rapidly.”
The activist further claimed that to utilize the network and power of marketing and to popularize BCH over other cryptocurrencies among the general public. He is now trashing Bitcoin entirely as he said that BTC is now working better as a store of value crypto while Bitcoin Cash was better for making online payments but many people don’t seem to share this view.
Speaking on the Bitcoin Cash price it skyrocketed 50% as it followed Ethereum’s surge to a new all-time high, signaling that the altcoin season is on the horizon. Most alternative coins have continued their recent bull run including the double-digit increases on behalf of the larger-cap altcoins like Bitcoin Cash, Bitcoin SV, Chainlink, Litecoin, Cardano, and Ripple. Ethereum has surged as well to a new high, inching on a new all-time high above $1450. BTC stalled slightly around the $41,000 price point with its dominance over the market reducing to 68.5%.
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