Brian Kelly never made a purchase using Bitcoin Cash, since he considers the cryptocurrency more as an investment tool, but he used Bitcoin (BTC) for this purpose.
Brian Kelly, the founder and CEO of BKCM LLC, an investment company focused on cryptocurrencies, on Fast Money CNBC, pointed to Bitcoin Cash (BCH). The users asked Kelly various questions, one of which concerned his relationship with Roger Ver. Kelly assured that he has nothing to do with Roger Ver and the program does not promote any cryptocurrency, only informs.
Honestly, I think it’s time to keep an open mind about both coins (Bitcoin & Bitcoin Cash). Nothing wrong with having a little bit of both. CNBC just being informative on the development on one coin, which does have potential. That is all.
— Adam Davis (@Crypto_Adam) May 21, 2018
Kelly explained that the BCH-miners intend to channel a part of the received reward from the mining of cryptocurrencies to the development of the BCH-ecosystem, creating the corresponding fund. This step can promote the wider distribution of cryptocurrency and increase its value. He added that the centralization of miners can have a positive impact on Bitcoin Cash (BCH) in this case. Further, Kelly stressed, answering questions from viewers, that he considers Bitcoin Cash as an investment tool, as he did not make any purchases using the BCH coin, but used it to make purchases and carry out Bitcoin (BTC) money transfers.
According to CoinMarketCap, within the last 24 hours BCH fell by 10%, the cost of Bitcoin Cash dropped from $1,290 to $ 1,160. At the time of publication of the material, the value dropped to $1,081. Despite the slight decline, the cost of this cryptocurrency is still higher than it was in April of this year – $760.