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Crypto Investors Bet on Ethereum (ETH) Over Bitcoin Cash (BCH): Poll

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Wed, 05/08/2019 - 18:04
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  • The CEO of a major financial company has set up a Twitter poll, asking investors to choose between ETH and BCH; Bitcoin Cash is losing to the second largest coin

Cover image via U.Today
Contents

Su Zhu, who runs Three Arrows Capital firm, has offered a poll to his Twitter followers, having decided to see how they would choose to spend a certain amount of USD: go for one of the crypto options offered or keep it in fiat. The results proved to be curious.

Investors are favouring ETH

The majority of the poll participants (69 percent) chose to spend $10,000 on Ethereum rather than Bitcoin Cash. Only 11 percent voted in favour of BCH.

Even though the results were in favour of Ethereum, Bitcoin Cash has done well in 2019 so far. Besides, after the hard fork when the initial BCH chain was split in two, Bitcoin Cash ABC managed to hold on its spot #4 on CoinMarketCap (CMC) as opposed to the new chain Bitcoin SV with Craig Wright running the show.

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Bitcoin SV against BCH

As per CMC, on January 1 the BCH market cap totalled 2 892 087 608. The coin’s price was $164.85. Today, on May 8, these metrics are 5 095 284 367 and $286.73, correspondingly.

However, it has not been all that good for BCH in the sphere of fundamentals.

The ideological enemy of BCH Dr. Craig Wright, the Bitcoin SV leader, has been unleashing legal actions against several major crypto figures who have dared to express doubt regarding Wright’s claims to be Satoshi Nakamoto.

Among these people are Vitalik Buterin and the former ‘Bitcoin Jesus’ Roger Ver, an active proponent of Bitcoin Cash. He was the most recent person to receive a formal letter from Wright’s attorneys.

Besides, recently it was reported that the co-founder of Chinese mining giant Bitmain, Micree Zhang, is about to ditch supporting the Bitcoin Cash network with its mining pools.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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