Roger Ver, a highly debated public figure in the cryptosphere, went on CNBCs Fast Money recently to offer insights into the current cryptocurrency market. Despite being one of the earliest adopters of Bitcoin and an outspoken advocate for cryptocurrency, Ver has stirred up controversy in recent years after abandoning support for Bitcoin in favor of Bitcoin Cash (of which he is now suspected to hold tens of millions of dollars worth).Bitcoin Cash first launched in August 2017 as Bitcoins first hard fork, and has lost nearly 30 percent of its value over the course of the last month. Ironically, CNBC has given Ver the title of Bitcoin Jesus, a name that might be just as easily replaced with Bitcoin Judas by his opponents in the space.
Ver told CNBC that in his opinion, much of Bitcoins struggles following its price crash earlier this year can be attributed to Bitcoins inability to be used in commerce.
The fees became high, the transactions became slow and unreliable, and people like myself and everybody else who was actually trying to use it for commerce stopped and switched to something else, said Ver.
Suggested Reading : Learn more about Bitcoin Cash and how it differs from Bitcoin in our beginners guide.
Ver continued:
I remember when I bought my first Bitcoin for a dollar and it went all the way up to 30 dollars that summer in 2011. It then dropped all the way back down to two dollars. It lost 90 percent of its value over the next year. But in investing, like in hockey, you dont skate to where the puck is currently, you skate to where its going to be in the future. Its very clear that all the adoption by the merchants and all the businesses are being built on top of Bitcoin Cash at this point. So for the future I think Bitcoin Cash is going to be the best investment standpoint.
Despite an unsurprising push for Bitcoin Cash, Ver does encourage investors to diversify their portfolios. He insists that it is important to not put all of your money into a single cryptocurrency.
Diversify is the name of the game when it comes to investing, said Ver. In addition to Bitcoin Cash, Ver reveals that he also holds Monero, Dash, Ether, Zcash, Ripple, Stellar and a little bit of Bitcoin.
Ver stated that he used to only hold Bitcoin before the BTC Team decided to sabotage the network, making it impossible to scale in his opinion. He then called the Bitcoin developers absolutely insane for recent decisions made to the network. Ver believes that the high fees on the Bitcoin network will continue to go up, and Bitcoin will continue to lose market share.
The full interview can be seen below:
Read the rest here:
Roger Ver Promotes Bitcoin Cash On CNBC's Fast Money - UNHASHED
- Roger Ver helps raise $87k for an anti-war charity - Dowbit - February 6th, 2018 [February 6th, 2018]
- Roger Ver Confirms He'll Sell His Bitcoin: 130K BTU Trade a ... - February 6th, 2018 [February 6th, 2018]
- Tezos Sued again and Roger Ver Tantrums: Best of the Week - February 6th, 2018 [February 6th, 2018]
- Roger Ver Says Ethereum May Overtake Bitcoin in Market Cap - March 10th, 2018 [March 10th, 2018]
- Bitcoin.com CEO Roger Ver Downplays Alleged Insider Trading ... - March 10th, 2018 [March 10th, 2018]
- Bitcoin Cash News: Visa Debit Card for Bitcoin Cash ... - March 20th, 2018 [March 20th, 2018]
- Roger Ver Tweets in Support of Insider Trading Following ... - April 5th, 2018 [April 5th, 2018]
- Evidence Emerges of CNBC Collusion with Roger Ver, BCash - June 3rd, 2018 [June 3rd, 2018]
- Roger Ver on 'the Flippening': Ethereum Will Upstage ... - June 5th, 2018 [June 5th, 2018]
- Roger Ver: "Ethereum Will Overtake Bitcoin in Market Cap" - June 5th, 2018 [June 5th, 2018]
- MPC60 Software - Roger Linn - June 15th, 2018 [June 15th, 2018]
- Roger Ver lawsuit - bitcoinist.com - June 15th, 2018 [June 15th, 2018]
- voluntaryist.com - Roger Ver - June 22nd, 2018 [June 22nd, 2018]
- There Could be a New Crypto-King: Ethereum - Roger Ver ... - June 22nd, 2018 [June 22nd, 2018]
- Penrose process - Wikipedia - June 28th, 2018 [June 28th, 2018]
- Roger Ver: Bitcoin Cash is a Better Investment Than ... - October 2nd, 2018 [October 2nd, 2018]
- Roger Ver | Facebook - October 11th, 2018 [October 11th, 2018]
- Roger Ver Debates Charlie Lee - The Lightning Network - October 11th, 2018 [October 11th, 2018]
- PR: Roger Ver Joins Azbit Crypto Exchange Advisory Board ... - October 18th, 2018 [October 18th, 2018]
- Roger Ver joins Azbit exchange as Advisor - bcfocus.com - October 18th, 2018 [October 18th, 2018]
- Bitcoin Jesus | Bitcoin Cash | whoisrogerver.com - October 18th, 2018 [October 18th, 2018]
- Roger Ver yells that "there is no God" in Blockchain Cruise ... - October 18th, 2018 [October 18th, 2018]
- Roger Ver Is Criticized for Cripple Coin Comment by BCH ... - January 26th, 2019 [January 26th, 2019]
- Bitcoin Cash Hard Fork Controversy: Roger Ver vs. Craig Wright - January 26th, 2019 [January 26th, 2019]
- Roger Ver Now 'Pretty Damn Skeptical' of Craig Wright Being ... - January 26th, 2019 [January 26th, 2019]
- Roger Ver and Richard Heart Bitcoin debate. - January 26th, 2019 [January 26th, 2019]
- Bitmain, Roger Ver, Kraken Sued as Bitcoin Cash Nightmare ... - January 26th, 2019 [January 26th, 2019]
- Roger Ver: Maybe Ive Been Fooled by Craig Wright - January 26th, 2019 [January 26th, 2019]
- Roger Ver: Fake social media accounts using my name have ... - January 26th, 2019 [January 26th, 2019]
- MPC60 Software - Roger Linn Design - February 6th, 2019 [February 6th, 2019]
- About Us Bitcoin.com - March 3rd, 2019 [March 3rd, 2019]
- FreeSociety - April 21st, 2019 [April 21st, 2019]
- HTC has partnered with Bitcoin.com for cryptocurrency support in - NewsAffinity - September 19th, 2019 [September 19th, 2019]
- Bitopia Launches First-Ever Crypto Robo-Advisory! - newsBTC - September 19th, 2019 [September 19th, 2019]
- Bitcoin {BTC} targets $10k as Chaincode Labs circulates Lightning Network Protocol Development Curriculum - OBN - September 19th, 2019 [September 19th, 2019]
- SIGEF2019 in Tokyo to Shape a Smarter Future - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Bitcoin(dot)com Crypto Exchange Posts Dishonest Volumes - Bitcoinist - September 19th, 2019 [September 19th, 2019]
- PayPal Casts Doubt On Libra: Claims Facebook Crypto Still Needs Work - Blockonomi - September 19th, 2019 [September 19th, 2019]
- Bitcoin Cash Futures Expected to Open up US Market by Q1 2020 - Bitcoin News - September 19th, 2019 [September 19th, 2019]
- Liven Announces Strategic Partnership with Bitcoin.com - Bitcoin News - September 19th, 2019 [September 19th, 2019]
- Thousands of Aussie restaurants will soon accept Bitcoin Cash - Micky News - September 19th, 2019 [September 19th, 2019]
- HTC partners with Bitcoin.com to support cryptocurrency smartphone Exodus 1 - VentureBeat - September 19th, 2019 [September 19th, 2019]
- Craig Wright enters settlement talks in $10 billion Bitcoin lawsuit - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Roger Vers Next Big Step: Bitcoin.com Unveils Its Own Cryptocurrency Exchange - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
- Roger Ver Wants To Pay You To Trade On His New Bitcoin.com Exchange - Benzinga - September 19th, 2019 [September 19th, 2019]
- Cryptos Free Market Obeys Nobody, Not Even Roger Ver - Crypto Briefing - September 19th, 2019 [September 19th, 2019]
- Roger Ver plans to launch Bitcoin Cash derivatives platform - Yahoo Finance - September 19th, 2019 [September 19th, 2019]
- Bitcoin Jesus uploads new video via Bitcoin.coms official channel, showcases the slow speed linked to Bitcoin Core transactions - OBN - October 1st, 2019 [October 1st, 2019]
- The CEO of ShapeShift.com examines the pessimism prevailing in the cryptosphere - OBN - October 5th, 2019 [October 5th, 2019]
- Malta AI & Blockchain Summit looks to shape the future - Times of Malta - October 5th, 2019 [October 5th, 2019]
- Bitcoin Cash {BCH} shoots back up; Roger Ver of Bitcoin.com harps on the necessity of fundamentals - OBN - October 5th, 2019 [October 5th, 2019]
- Twitter handle associated with Bitcoin {BTC} ridicules Roger Ver, faces flak from the community - OBN - October 5th, 2019 [October 5th, 2019]
- Executive exodus from Blockchain.com started in 2014 with Binance CEO - Decrypt - October 5th, 2019 [October 5th, 2019]
- GRUDGE MATCH: 'Dr Doom' goes head to head with Roger Ver - Micky News - October 5th, 2019 [October 5th, 2019]
- Bitcoin Price Could Be Headed Further Down, Forbes Analyst Says - U.Today - October 16th, 2019 [October 16th, 2019]
- Central Bank Cryptocurrency Can Arrive Faster Than You Think: ING Chief - U.Today - October 16th, 2019 [October 16th, 2019]
- Bitcoin Price Prints Massive Red Candle After Failing to Break Above Key Resistance Level - U.Today - October 16th, 2019 [October 16th, 2019]
- Weekly Wrap-Up October 18th, 2019 - TheNews.Asia - October 19th, 2019 [October 19th, 2019]
- Driving the decentralized revolution; Devcon 5 - Cryptopolitan - October 19th, 2019 [October 19th, 2019]
- Ethereum is fantastic as an ICO platform: Bitcoin Cashs Roger Ver - AMBCrypto - October 19th, 2019 [October 19th, 2019]
- BREAKING: Roger Ver clashes with Nouriel Roubini in heated debate - Yahoo Finance - October 19th, 2019 [October 19th, 2019]
- Binance announces listing of BCH-pegged tokens on Binance Chain - AMBCrypto - October 24th, 2019 [October 24th, 2019]
- BTC, BSV, BCH Update, HOT and NEW See Gains, Oct. 21 Bitcoin is stable and still - Bitrates - October 24th, 2019 [October 24th, 2019]
- Sunday Digest: Bitcoin Price And The Week's Top Stories - Bitcoinist - October 24th, 2019 [October 24th, 2019]
- Bitcoin (BTC) Price Breaks Above $8,200 While Bitcoin Cash (BCH) and Bitcoin SV (BSV) Post Even Higher Gains - U.Today - October 24th, 2019 [October 24th, 2019]
- Lightning Network User Confused By Protocol: Lost 30000 USD - Bitcoin News - October 24th, 2019 [October 24th, 2019]
- Roger Ver Claims Bitcoin Is Not Censorship-Resistant. Here's Why - U.Today - November 11th, 2019 [November 11th, 2019]
- Roger Ver Apparently Thinks Bitcoin Cash Value Could Increase 100,000% - Cointelegraph - November 11th, 2019 [November 11th, 2019]
- Manipulations, Turns, Exchanges and 20 Crypto Jokes - Cryptonews - November 13th, 2019 [November 13th, 2019]
- Bitcoin Money's Q3 efficiency became terrifying right here's what occurred - 101Newsindustry - November 13th, 2019 [November 13th, 2019]
- The origins of Bitcoin: BTC deviates from Bitcoin protocol - CoinGeek - November 18th, 2019 [November 18th, 2019]
- Who are the Main People in Bitcoin? - BlockPublisher - November 18th, 2019 [November 18th, 2019]
- Video: Bruce Fenton on the Bitcoin Foundation, Satoshi Roundtable... - Bitcoin Magazine - November 25th, 2019 [November 25th, 2019]
- Learn about Bitcoin before your grandmother does - Yahoo Finance - November 25th, 2019 [November 25th, 2019]
- Crypto Fans Often Clash on Twitter Now, They Can Battle in a Game - Cointelegraph - November 25th, 2019 [November 25th, 2019]
- 'Bitcoin Jesus' Roger Ver Supports Arrested Ethereum Dev, Calvin Ayre Accuses Him of Treason - U.Today - December 1st, 2019 [December 1st, 2019]
- A Tale of Three Coins: The Ongoing Saga of BTC, BCH and BSV - Finance Magnates - December 13th, 2019 [December 13th, 2019]
- Bitcoin Cash will go up post-halving, claims Roger Ver - AMBCrypto - December 13th, 2019 [December 13th, 2019]
- CoinFlex hires former Binance head of trading as its new CSO. - Coinnounce - December 21st, 2019 [December 21st, 2019]
- Bitcoin Cash (BCH) is here to stay: Sydney Ifergan - The Cryptocurrency Analytics - December 21st, 2019 [December 21st, 2019]