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Why is the amount of Bitcoin Cash not enough

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Why is the amount of Bitcoin Cash not enough

Why is the amount bought by Bitcoin not enough? Editor’s note: This article is from Meng eyes Finance (ID: Meng eyes) and is authorized to be reprinted by Daily Planet Daily

With the increasing price of Bitcoin, more and more institutions have bought Bitcoin and other Cryptocurrency assets as a reserve investment tool. But why are these funds not enough? The reasons are as follows: 1. People’s purchasing enthusiasm is not just a hedge against inflation; 2. Investors are looking for new ways to store and accumulate value; They see Bitcoin as a better means of transmitting value than gold. In the traditional financial market, this has happened many times, especially in the United States, because the government’s regulatory policy is more strict, and the Commodity Futures Trading Commission has begun to restrict the Cryptocurrency exchange from providing custody services; 4. Many people hope to obtain higher prices in order to profit from their personal wealth, while others want greater returns, so many people want to participate more in it. When a company decides to purchase Bitcoin through its own company, it will attract more customers to enter this field. Therefore, many institutions will turn their attention to Bitcoin and see it as an alternative form of payment. However, not all digital tokens have the same purpose. For example, if a company has enough money to make a large payment, it will be sold, just like a bank – as long as you have enough people to support its business But if you don’t have any cash or credit cards, you can buy your stocks in fiat currency. In addition, some well-known financial institutions are also using Cryptocurrency. For example, San Francisco based company MicroStrategy recently launched a $1 billion Bitcoin investment fund controlled by its founder Michael Saylor, who is also responsible for managing his business partners. Although the company claims that it “values very much” this fact, it seems to ignore a key question: whether it should really allow Bitcoin to become Fiat money. According to Coinmarketcap data, between January 2017 and the first quarter of 2018, the daily average turnover of the global Bitcoin Spot market was about 90000 BTCs. Due to the small market share of Bitcoin, which accounts for only a small percentage of the current total daily active wallets, we believe that Bitcoin is currently at its highest point in history

Why didn’t Bitcoin Cash cash rise

According to cryptovest, why didn’t Bitcoin Cash cash rise? Bitcoin’s forked currency appeared in July 2013, but it did not begin to circulate until early 2014. At that time, the height of the block was 230000, and over 200 nodes were not connected to the network for trading (although the miners claimed that their chain was public). Later, due to the community’s resistance to BitcoinSV, the prices of BCHABC and BCHSV both experienced a significant decline, and subsequently remained at a low level. It is not clear what is the reason behind these two Cryptocurrency.

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