Bitcoin Cash market update

BitcoinCash Market Update: BitcoinCash Doomsday scenario?

By Georg Engelmann | Bitcoin Cash (BCH) | 11 Jul 2024


CoinDesk published a very dramatic article about BitcoinCash and the Mt. Gox doomsday scenario.

Now I think the Mt. Gox fiasco can be bearish for BitcoinCash, but it might also affect BTC - the German government is selling BTC (not BCH!) and other governments have seized cryptocurrency (China, United States) and are ready to sell it at any moment.

I don't believe this is a doomsday scenario, but it can affect exchange rates drastically and it might take years to recover.

Some people are just "hodling", but exchanges need liquidity or the price can drop significantly.

I wonder if Roger Ver's legal troubles and social media disappearance also have negative effects on the market. He was an important member of the BCH community.

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What is your opinion about BitcoinCash (BCH)? Is it dying or recovering? Please let me know in the comments and share ideas to improve BCH.

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