Roger Ver entitled as the ‘Bitcoin Jesus’ says he is incredibly Bullish about Bitcoin Cash and not Bitcoin Core as he declared that he still owns some. Bitcoin.com CEO, Roger Ver weighs in on the future for cryptocurrencies. He spoke with Haslinda Amin from the Bloomberg Invest Asia Conference in Hong Kong on “Bloomberg Markets,” according to news from Bloomberg.
Haslinda exclaimed, from $20,000 to $6,000, the grace of Bitcoin has gradually come down. Do you still believe in it, or do you hold some of it and pay with it like you used to before? She questioned Roger.
He stated:
I do own some of Bitcoin Core, like all eggs in a basket, but I converted majority of it to Bitcoin Cash because it resembles the economic formula that led Bitcoin to be the worldwide phenomena that it is today.”
He also explained the reason for his move which is: BCH has all the facilities of being accepted in hotels, flights and almost everywhere but Bitcoin Core doesn’t.
All the coins are thriving to achieve scalability which has not been possible to date. Last year, like the entire world, noticed there were two camps who believed in two different things. One of them thought Bitcoin can not scale while the other thought it can. According to Roger, they are both rights because BCH can scale while Bitcoin Core can’t.
He quoted:
“It is mental problem within the heads of the people and these are the same people with different opinions who were involved in BTC from earlier days even before it forked just like myself.”
He continued to state about the fork:
“A fork is just a scary name for a software upgrade, everybody just freaks out. The upgrade (fork) will avail better features and additional facilities and that is what is about to happen to Bitcoin Cash [BCH] during its fork. It will become more useful than it is today.”
People who say BCH will face the same problems as BTC are probably not paying enough attention to reality, he says. Bitcoin Cash can scale enough money for the entire world and the only reason why Bitcoin Core did not is because people did not believe it could. He refers to an example like: if humans did not believe if they could fly an airplane and had given up at that point, we probably would never have planes.
He said:
“It is the same case as the example above, if you think it can be the money for the entire world, it will be and that is what we are trying to do now, we are on our way.”
Cryptocurrencies have tremendously tumbled in recent times and talking about volatility, Roger thinks that’s default with the technology. For this reversal to come, more adoption in commerce is necessary which will lead to a higher market cap. He has been involved in this space for a long time, for almost 8 years full time now.
He says:
“I am not gonna quit tomorrow, I am not gonna quit ever. This is a long-term thing we are witnessing before our eyes for the first time ever in human history – a separation of money and state, where the money will certainly be issued by these blockchains and people have choices. This is a fantastic thing for all of the human kind.”
He concluded saying, regulatory issues sure concern the coins but, that won’t stop the blockchain itself.