Why does BTC rise and BCH not rise

First of all, the number of BTC is limited, and mining is getting more and more difficult at present; and BCH is a forked distribution after the emergence of the BTC mining bottleneck, and the scarcity is not enough; secondly, the concept of BCH appeared relatively late, and it was at a time when the digital currency was controversial. During this period, the wait-and-see atmosphere was strong, and speculative funds were transferred to other assets; finally, virtual currency trading was illegal in my country, and the future prospects were not optimistic.

BTC is Bitcoin, BCH is Bitcoin Cash. Cryptocurrency has a series of regulatory risks such as high energy consumption, tax evasion, and money laundering, and has gradually become the object of strict supervision by many sovereign countries around the world. South Korea has always been one of the hottest countries for cryptocurrency transactions after the United States and Japan.

In June 2021, South Korea The focus is on cracking down on tax evasion and tax evasion using digital currency. According to mainstream media citing local officials, after a months-long investigation, more than tens of billions of bitcoin and ether have been confiscated from the hands of 12,000 people accused of tax evasion. coins and other virtual currency assets. In July 2021, the Bank of Thailand also considered bitcoin to be an illegal transaction and needed to suspend bitcoin business.

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