According to one of the best known miners in the industry, Jihan Wu, Bitcoin Cash it will soon increase in value. The site news.bitcoin.com, a newspaper sided in favor of this cryptocurrency, the co-founder of Bitmain has agreed to participate in a discussion that will mainly be in favor of the BCH.
The Chinese entrepreneur Jihan Wu in 2013 founded Bitmain together with Micree Zhan, which is currently one of the most important miners in bitcoin and also a famous one Antminer manufacturer.
During the Chinese New Year period, i.e. February 11, 2021, the WeChat red envelope of Satoshi's Angels also joined Jiang Zhuoer in the discussion channel at the invitation of Cindy Wang.
Basically WeChat would be the Chinese equivalent of the WhatsApp application although with additional features, such as WeChat Red Envelope app which also allows users to offer cash gifts to others on the platform, thanks to virtual credits.
The money is deposited into the WeChat Pay account and can then be used to make purchases. Satoshi's Angels instead is the organization that was founded by Akane Yokoo, organizer of the Tokyo Bitcoin Cash Meetup.
When Jihan Wu joined the channel, Wu reported that he sent and distributed three large red envelopes. These donations were accompanied by inaugural messages for the Chinese New Year, and he said: no matter how much the price of the BCH is high keep working to build our country.
Wang finally reported that according to Jihan Wu the price of the BCH will rise in the short term. The price of Bitcoin Cash has recently reached $ 700, although it still remains very far from the amount reached on December 20, 2017 that is that equal to 4300 dollars.
However it has risen a lot over the last year considering this had collapsed in March 2020 to $ 150. The rise for Bitcoin Cash was reported as of late December 2020, hitting $ 600 in January.