Re: WTF? $20.000.000.000 seem to have been poured into BCH in a couple of days
I get up and see this:
BCH has gone from around $10 billion market cap to $30 billion market cap in a couple of days. Who the hell has some spare $20 billion to pour into BCH? Buffets net worth is around $77 billion.
I dont think this can only be explained to Roger Ver and Jihan Wu going all in on BCH. They must have persuaded institutional investors to get into BCH. Apart from scared people exchanging BTC for BCH.
I will HODL but this is serious.
BCH has gone from around $10 billion market cap to $30 billion market cap in a couple of days. Who the hell has some spare $20 billion to pour into BCH? Buffets net worth is around $77 billion.
I dont think this can only be explained to Roger Ver and Jihan Wu going all in on BCH. They must have persuaded institutional investors to get into BCH. Apart from scared people exchanging BTC for BCH.
I will HODL but this is serious.
Well firstly the money that has gone in to bitcoin cash has mostly come from bitcoin, secondly it does not mean $20bn has moved in to bitcoin cash, the price can be pumped with a few millions perhaps. The price will fall in time I suspect, like anything such a spike always precedes a correction.