Institutional adoption - does it have a chance of outperforming Bitcoin?
The increase in open interest we mentioned paragraphs back put light on a change in positive market sentiment, with the hope that BCH could be seen as a real option for it to be adopted institutionally, after starting to trade on #EDX
Recall that #BitcoinCash was first issued in July 2017, i.e. six years ago, following the fork of the original Bitcoin blockchain. This devolved in that, during the bull market of that same year, BCH reached its all-time high ($2,947). However, despite the excessive optimism at the time, the adoption of its network as a payment network lost momentum compared to #Bitcoin