Market analysts seem enthusiastic towards Bitcoin Cash price (BCH) and this is strengthening trader sentiments. The Bitcoin Cash network has been increasing trader confidence since its developers began implementing infrastructural improvements. Brian Kelly has suggested that investors buy Bitcoin Cash for the potential gains as BCH is a must own cryptocurrency and offers an attractive entry point.
BCH miner’s strategy to support BCH developers and professional programmers enhanced Kelly’s optimism in BCH coin future fundamentals.
In the fund, miners are “going to take some of the rewards they get from mining and put it in a fund to build stuff on top of bitcoin cash,” Kelly said. “That’s how blockchains gain value,” he added.
Bitcoin Cash miners on Saturday talk about a new plan to provide funds for the development of its blockchain technology. They are planning to donate 1% to 5% of their rewards for the BCH network development.
Several other industry experts have previously highlighted their confidence in the upside potential of Bitcoin Cash. Indeed, Roger Veer – known as “Bitcoin Jesus,” has notoriously predicted that Bitcoin Cash will replace Bitcoin from its market-dominating position.
The Bitcoin expert stated: “The economic path that Bitcoin Cash is on is the one that led to Bitcoin’s original success…I’m incredibly bullish on Bitcoin Cash for the same reasons I was bullish on Bitcoin back in 2011.”
Bitcoin Cash Lovers are Expecting Big Things
Bears are calling Brian Kelly’s positive remarks, a promotion scheme. However, Bitcoin Cash lovers are enjoying his predictions. In fact, they are showing confidence in BCH management after the recent network enhancements.
They believe Bitcoin Cash has performed better than Bitcoin in the last couple of months and it will extend the momentum in the days to come. Bitcoin Vash price rose from $600 level at the beginning of April to $1,800 mark at the beginning of this month.
Featured Image: twitter