There are differing opinions as to whether or not Bitcoin Cash makes for a solid investment. Some people certainly think that is the case, whereas others are not necessarily on the same page. Brian Kelly is very bullish on this altcoin right now, but only time will tell if his sentiment is the right one.
Brian Kelly is Bullish on BCH
Over the past few years, we have seen some interesting opinions on various cryptocurrencies. A lot of people think Bitcoin is the only currency that matters, although certain altcoins should not be overlooked. Bitcoin Cash, for example, is making a big impact, even though the opinions on this altcoin are still pretty contentious.
Brian Kelly, a notorious cryptocurrency investor and speculator, is confident that Bitcoin Cash is going places. More specifically, he considers Bitcoin Cash to be the “must-own” cryptocurrency of the moment, although it is evident that not everyone will see it that way. There are some interesting reasons as to why Kelly is thinking along these lines right now.
In his opinion, the Bitcoin Cash blockchain and ecosystem are gaining value pretty quickly. With mining pools now contributing some of their rewards to support the future development of BCH, a lot of interesting things can happen in the future. This development comes on the heels of news that Bitmain is destroying some of the fees it receives by moving BCH to an unspendable address.
Additionally, one has to keep in mind that the Bitcoin Cash price hasn’t seen any major setbacks since its launch last year. Although it has spiked to a value which is a lot higher than the current price, one BCH is still valued at $1,225 right now. Given the issues which all cryptocurrency markets have encountered during the first few months of 2018, the Bitcoin Cash price has held its own quite well, all things considered.
Whether or not the opinion of Brian Kelly will convince more people to invest in BCH remains to be determined. It is evident there is a lot of speculation associated with cryptocurrencies right now, and everything can seem like a good and bad investment at the same time. The markets will have to turn around at some point, but until that happens, the Bitcoin Cash price may not go much higher than it is right now.
It is good to see enthusiasts and investors turn bullish on cryptocurrencies once again. So far, the year 2018 hasn’t been all that stellar, but the uptrend is still firmly in place when looking at the bigger picture. While this year may not result in a massive bull run like that of late 2017, the future is not set in stone by any means. If experts like Brian Kelly are to be believed, the best is yet to come.