On March 22nd, NIA sent out an alert entitled, 'Bitcoin Cash (BCH) is Most Undervalued Crypto Token' with BCH trading for $530.
In NIA's 'Most Important Update of 2021' alert that we sent out exactly one week ago, NIA said, "The Bitcoin Cash (BCH)/Bitcoin (BTC) price ratio bottomed on Wednesday at an all-time low of 0.0085 and has since bounced strongly to 0.0093. If BTC makes another rally to $60,000+ we look for BCH to simultaneously explode to $1,000+ and even if BTC pulls back to $45,000 we expect BCH to simultaneously rise to $600-$800!"
Over the past week, BCH has gained by 19.5% to $595 vs. BTC gaining by 10.6% to $59,500. The BCH/BTC price ratio is now up to 0.001, which is a new high since NIA suggested BCH on March 22nd!
BTC has a ton of resistance at $60,000-$62,000. Institutions are desperate to dump their BTC tokens on any move above $60,000. BCH is an undervalued asset that will only pick up momentum after it breaks through $600! Smart money is about to sell BTC and buy BCH!
Many people are beginning to realize that BTC has failed as a medium of exchange (MOE), with even BTC maximalists admitting that BTC is mainly being used as a store of value (SOV) similar to gold. What these people fail to understand is that gold has real physical properties that make it a SOV and superior to all other metals. For BTC to be a SOV it must also be a MOE otherwise it has no reason to be a SOV! BCH is the only Crypto token being widely used as a MOE!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.