Roger Ver Explains Why Bitcoin Is a Store of Value

Libra Coin News
Tue, 08/20/2019 - 17:12
Alex Dovbnya
Roger Ver sticks to his narrative, alleging that Bitcoin Cash, unlike Bitcoin, can be used for day-to-day payments
Cover image via 123rf.com
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.

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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