In a recent interview on CNBC’s “Power Lunch,” Roger Ver, supporter of Bitcoin Cash, the world’s fifth-largest cryptocurrency by market cap and the most successful offshoot of Bitcoin, says he expects its price to surge ‘a thousand times.’
He bases his speculation on the adoption of Bitcoin Cash by merchants and people who spend it like traditional money.
Ver, who is the founder of bitcoin.com, says Bitcoin Cash – not Bitcoin – 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 says Bitcoin.com, which offers a suite of services to help people buy, use, and store Bitcoin and Bitcoin Cash securely, has tens of thousands of new sign-ups each day.
“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.”