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Roger Ver Explains Why Bitcoin Is a Store of Value

  • Alex Dovbnya
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    Roger Ver sticks to his narrative, alleging that Bitcoin Cash, unlike Bitcoin, can be used for day-to-day payments

Roger Ver Explains Why Bitcoin Is a Store of Value
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Contents

Roger Ver, one of the most ardent critics of Bitcoin, seems to agree that the top currency by market capitalization could serve as a viable store of value. However, that doesn’t mean that Ver has had a change of heart about BTC.

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Making a case for Bitcoin Cash

‘Bitcoin Jesus’ claims that the only reason why the O.G. coin can be act as an asset for wealth preservation is because it’s completely useless as cash. In such a way, he justifies the existence of its spin-off, Bitcoin Cash, that is supposed to drive merchant acceptance.

In all fairness, BCH did witness some considerable progress in the adoption department. Ver previously announced that the controversial cryptocurrency would be accepted by “thousands” of physical shops in South Korea.

However, BCH still has a relatively tiny market cap of $5.7 bln compared to Bitcoin’s $192.6 bln. 

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Losing influence on Twitter 

As reported by U.Today, Bitcoin Cash’s biggest proponent was recently ridiculed by crypto Twitter after the owner of @bitcoin suddenly turned his back on the big block camp. The owner of the account with almost 1 mln followers suddenly deleted all pro-BCH tweets.

At least, it’s clear now that Ver doesn’t own the account that holds sway over CT, but the reason behind this U-turn remains a mystery.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
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Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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