• Ver’s stance is based on the increasing adoption of BCH by many merchants who spend it like traditional money.
  • According to him, Bitcoin Cash, and not Bitcoin, uses the tech as originally designed by Satoshi Nakamoto.

Roger Ver aka “Bitcoin Jesus” recently had an interview on CNBC’s “Power Lunch”. In the interview, Ver stated the price of Bitcoin Cash may increase "a thousand times." His stance was based on the increasing adoption of Bitcoin Cash by several merchants and people spend Bitcoin Cash like traditional money. Ver, who is the founder of Bitcoin.com, said that Bitcoin Cash is the actual cryptocurrency that utilizes the tech as originally designed by the anonymous inventor of Bitcoin.

I think [Bitcoin Cash] has the ability to go up a thousand times where it is currently, because it’s looking to become peer-to-peer electronic cash for the entire world. And it has more physical shops accepting it around the world.

It has more infrastructure being built on top of it. It’s really an amazing investment. As one of the greatest investors ever said, Warren Buffett, ‘Be greedy when others are fearful and fearful when others are greedy.’ I think that’s true in general and specifically true about Bitcoin Cash.

Ver also claims that Bitcoin.com receives tens of thousands of new sign-ups requests each day.  Bitcoin.com offers a suite of services to help people buy, use, and store Bitcoin and Bitcoin Cash securely.

The thing that I got so excited about when Bitcoin was less than $1 was peer-to-peer electronic cash for the world where you could send and receive any amount of money with anyone, anywhere, instantly, basically for free and there was nothing that anyone could do to stop it.

I’ve been giving that little speech since 2011. It’s still completely true about Bitcoin Cash today. It’s no longer true about what everybody is calling Bitcoin. Bitcoin today is this brand, but the actual technology that works that made Bitcoin popular to begin with is now called Bitcoin Cash.


 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Analysis: BTC/USD consolidation lags triangle breakout

Bitcoin remained under pressure during the entire weekend. The attempts made to stay above $7,200 support failed, leaving to the path of least resist ace to be below $7,000. Bitcoin’s immediate upside is limited by the 50 SMA on the 2H chart.

More Bitcoin News

Ethereum Price Update: ETH/USD defends $140 support yet again

Ethereum is largely unchanged compared to the levels towards the end of last week. The pressure oozing from the bears continued across the weekend session. Besides action beyond $145 remained limited.

More Ethereum News

Ripple Price Analysis: XRP/USD spirals in freshly reignited downward momentum

Ripple has ignited the bearish momentum breaking the weekend-long support at $0.2160. The losses come after an attempt to break out from the descending channel resistance failed.

More Ripple News

Cardano’s IOHK celebrates 120 staking pulls less than 24 hours after testnet launch

The research firm in charge of developing Cardano, a major cryptocurrency, IOHK was delighted to announce the fantastic performance of the newly launched testnet.

More Cryptocurrencies News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast

BTC

ETH

XRP