The outspoken CEO of Bitcoin.com believes that the future of cryptocurrencies like Bitcoin and Bitcoin Cash is bright, despite the current market sentiment, fearing that the budding financial technology has already met its demise.
Roger Ver: Based on Fundamentals, Crypto’s Long-Term Future is Bright
Roger Ver is a polarizing character in the cryptocurrency industry.
Love him or hate him, though, there’s no denying the early Bitcoin investor has helped bring cryptocurrency into the mainstream and has pushed the envelope for widespread adoption. In his latest comments, the Bitcoin.com CEO gives a positive outlook on cryptocurrencies.
While speaking to Bloomberg, Ver was questioned about the longevity of cryptocurrencies. As a self-proclaimed “fundamentals investor,” Ver believes that “long-term the future is brighter than ever,” for cryptocurrencies, adding that there’s “more awareness,” “more adoption,” and “more stuff happening all over the world.”
Pundits like to demonize cryptocurrency for its usage in cyber crimes, for being a Ponzi scheme, or how cryptocurrency exchanges have suffered security breaches resulting in millions of dollars stolen from investors. Ver, on the other hand, claims that these things are nothing more than “bullish signals that cryptocurrency is here to stay and here for the long-term.”
“If anything I think it’s brought additional awareness to the ecosystem in the fact that such big players are involved. The fact that hackers are trying to hack it shows its worth something. If it wasn’t worth anything, it wasn’t useful, hackers wouldn’t be wasting their time trying to hack it,” Ver said justifying his comments.
“I’m incredibly bullish on the entire crypto coin ecosystem, and Bitcoin Cash specifically,” Ver explained.
Ver Wishes Bitcoin SV and Other Crypto “Good Luck”
When asked how cryptocurrencies can shed some of the stigma surrounding them, Ver suggests that influential figures and businesses in the space “need to build an economy based on actually using cryptocurrencies as currencies rather than just a bunch of speculators speculating.” Ver says that’s been Bitcoin’s goals from day one, as is the goal of Bitcoin Cash and recent rival Bitcoin SV.
While a “war” between two Bitcoin Cash factions has been waging for months – which many point to as the uncertainty that led to Bitcoin’s break of support at $6,000, sending it to new lows – Ver wished his opposing camp “good luck.”
“I wish every cryptocurrency good luck if they’re trying to bring more economic freedom to the world by making them useful as currencies for the world,” Ver added.
Last month, Bitcoin Cash was hard forked to split and create two “camps” as Ver called them: Bitcoin ABC and Bitcoin SV. Bitcoin ABC was favored by Ver and his supporters, while Bitcoin SV – Satoshi’s Vision – was led by Craig Wright, who claims to be Satoshi Nakamoto.