Sunday, August 18, 2019

Roger Ver Predicts Bitcoin Cash Could Overtake Ethereum

Crypto evangelist and Bitcoin.com’s CEO has always been behind Bitcoin Cash, the crypto asset formed from the hard fork from Bitcoin’s blockchain in 2017. The Bitcoin Cash supporter has now, in the manner of a prophet, predicted that the value of Bitcoin Cash would surpass that of Ethereum.

Bitcoin Cash to Gain More Adoption

Bitcoin.com had an interview with the CEO which was uploaded on its official YouTube channel. In the interview, Roger made a statement saying that there was a high chance Bitcoin Cash would surpass Ethereum, the second most valuable cryptocurrency in terms of market capitalization, according to CoinMarketCap. He also predicted that in the future, Bitcoin Cash would be more utilized than Ethereum.

Roger Ver has severally criticized Bitcoin, and in the interview, he stated that Bitcoin Cash currently is better than any other cryptocurrency in terms of achieving the emancipation from fiat currency that the world needs.

On the issue of cryptocurrencies and digital currency institutions replacing traditional financial institutions and fiat currency, Roger said that he believed cryptocurrencies would get higher market shares. However, he admitted that it might not be possible to cut out fiat currency as a means of payment fully. He did say that the idea of cryptocurrency would be new to the world.

It has been assumed that about 50% of Bitcoin Cash’s nodes are being run on data centers owned by Alibaba. When Roger was asked about the issue of decentralization and data centers for Bitcoin Cash, he said that decentralization was not a goal, but an instrument towards facilitating resistance to suppression.

Related Article:  Morgan Stanley Will Let You Invest In Cryptocurrency Now

On Bitcoin, Bitcoin Cash, and the Cryptocurrency Market

Roger Ver also reinforced the idea of running full nodes in data centers of industry giants. He then indicated that Amazon and Alibaba hosted several of the nodes Bitcoin Cash was using.

According to Ver:

“To achieve the goal of censorship resistance means that ‘every individual could exercise control of their own digital assets’ in the blockchain.”

Ver has always been a staunch supporter of Bitcoin Cash. He claimed that Bitcoin Cash is what Bitcoin is and more. He also indicated that Bitcoin’s official subreddit on the Reddit forum had been censored for three years.

Just a year after the creation of the first Bitcoin hard fork, there was a split from the blockchain of the hard fork led by Craig Wright, self-acclaimed Satoshi Nakamoto. The impending hard fork led to a disagreement between the Bitcoin Cash camp with several dissociating themselves from Bitcoin Cash. On November 15th, 2018, the hard fork materialized, and Bitcoin Cash SV was created. The hard fork eventually led to a fall in the market capitalization of cryptocurrency, with several traders pulling out of crypto as a result of uncertainty. The move led to the bottom of the bear market which has been steadily growing since it hit a support of $3,200.

More Articles

Air Canada Enters New Partnership with Blockchain Platform

The leading airline in Canada, Air Canada has joined a host of others in the industry in integrating blockchain technology into its operations, as...

Bitcoins worst month yet

January 2018 has been a terrible month for those who have invested in bitcoin. The cryptocurrency plummeted in its value, seeing a dire fall...

Spencer Bogart Says Bitcoin Never Left, it Has Always...

Bitcoin for a couple of days now has shown an impressive performance given that it was stuck around $3,400 for weeks. Needless to say, Spencer...

Payza Exchange And Payment Processor Indicted in USA

This afternoon, Payza, an alternative payment processing platform, has been charged by the US government, accusing the two Patel brothers (the company founders) and the...

U.S. Law Enforcement Raids Tech Hub’s Office for Illegally...

The Federal Bureau of Investigation (FBI) and Department of Homeland Security Agency (DHS) on December 21, raided Innovative technology hub, a nonprofit tech-science organization. This is because...

CoinMarketCap Launches Cryptocurrency Indices on Nasdaq

CoinMarketCap, a cryptocurrency price-tracking website platform on March 20 announced its launch of two benchmark indices on certain platforms. These are Nasdaq...

Target And G Suite Twitter Accounts Hacked To Run...

The accounts of Target and G Suite were hacked yesterday with the objective of using them for scam their followers. Hackers got control of...

This Year’s Anarchapulco Conference to be Dedicated to Digital...

The version of this year’s Anarchapulco conference will be themed, ‘Life Unchained’ and it will hold from Valentine’s Day, February 14th, 2019 to February...

Bitcoin Price Analysis As Activities Spike This Weekend

It's the weekend again, and cryptocurrency enthusiasts are expectant if something significant will happen this time around. Will there be a pump or dump...

Hackers Demand Cryptocurrency Ransom On Bank User Data Theft

The data theft of more than 90,000 users of two Canadian banks was revealed yesterday when they started emailing users with warnings that they could...

Top 3 Bitcoin Trends in 2019 to Help its...

Yesterday Bitcoin did this, today it did that, and we're confident its got something up its sleeves for tomorrow. Now it may...

Brave Browser Adds Up Over One Million Users In...

Another milestone achievement has been reached by the Brave browser, with many users using the browser, even against the more established platforms. The web...

Latest Articles

Why US-based people can’t bet with bitcoins at online...

Online gambling using bitcoin has been happening since the time when cryptocurrency came into being. In the initial days, gamblers used to opt for...

Couple Pays For Breakfast Using Bitcoin, Community Finds This...

A Reddit user by the username u/portageco recently made a post in bitcoin's official subreddit. In his post, u/portageco boasts about how he paid...

Australian Woman Leads Adoption, Tours 10 Countries Spending Cryptocurrencies

Who says you can't go around the world spending cryptocurrencies? As many believe, cryptocurrencies are only good for speculations. But with a little research,...

Did A Physical Bitcoin Just Sell For $99k On...

As at the time of reporting, the listing on eBay had closed. This could be because the seller got a buyer or he decided...

Litecoin Now Approved In 30,000+ Stores

As cryptocurrencies gain ground, more and more technology-based firms find ways to incorporate the nascent technology into everyday life. Moon, prior to this time,...

How To Shop on Amazon with Bitcoin – Step-By-Step...

Wondered how to shop on Amazon with bitcoin? Then here's how you can purchase goods on one of the largest e-commerce websites that ships...

How To Buy Bitcoin On Coinbase – Step-By-Step Guide

Buy Bitcoin on Coinbase instantly in the U.S., UK, Canada, or anywhere you are globally. Coinbase cryptocurrency exchange has enabled its customers buy the...

Grayscale Bitcoin Trust Boosts By 300%, Affects Oil &...

The institutional investment product, Grayscale Bitcoin Trust (GBTC), experienced a growth of more than 300% due to its outstanding performance since February, Forbes reports....

How To Create A Coinbase Account – Step-By-Step Guide

Create a Coinbase account with ease. Use this illustrative guide to create a Coinbase account for buying, selling, and storing cryptocurrencies. And you know...

$9.2 Trillion Transferred Using Bitcoins In 2.5 Years

Against present belief that bitcoin is only used for speculation, James McDowall, a crypto investor and advisor shared a metric about Bitcoin that's been...

Malware Posing as Movie File Manipulates Results and Steals...

A new form of malware posing as movie file was discovered last year and was designed to steal cryptocurrency and inject manipulated results into...

No-fee Mobile Trading App Quantfury Increases Crypto Support with...

The no-fees mobile trading app Quantfury has been expanding its crypto services lately, most notably with the addition of the DASH cryptocurrency. The coin...