Roger Ver believes bitcoin’s days at the top of the cryptocurrency throne are numbered. In an interview with The Independent, the former bitcoin evangelist said many other cryptocurrencies have now surpassed bitcoin technologically. He thinks Ethereum and Bitcoin Cash will “turn over” soon.
Bitcoin is obsolete? Roger Ver, once one of bitcoin’s most loyal supporters, has joined the ranks of bitcoin Cash, the first and most popular fork. Roger Ver argues that bitcoin is outdated compared to the technological advantages of other cryptocurrencies. According to Ver, there are many flaws in bitcoin technology that will ultimately lead to a decline in interest in the currency. He feels that of all the more than 1,600 digital currencies currently on the market, many offer more powerful and efficient solutions than Bitcoin. Roger Ver says Bitcoin Cash and Ethereum will experience faster growth than bitcoin over the next few months or years. He even predicts that Ethereum will surpass Bitcoin by the end of this year, and that Bitcoin Cash will occupy the center of the cryptocurrency industry by 2020. “I see it happening, and I believe it will happen soon. “Ethereum could surpass Bitcoin by the end of the year, and Bitcoin Cash could surpass Bitcoin by 2020.” When bitcoin is no longer mainstream in the cryptocurrency market, a series of events will be sent — a so-called “turn-over.” Roger Ver believes bitcoin will remain tepid for months or years to come, while Ethereum and Bitcoin Cash will soar. Of course, not everyone agrees with Roger Ver’s logic. Some cryptocurrency industry experts believe bitcoin can absorb any paradigm-shifting technology and continue to dominate the market. Michael Jackson of Mangrove Capital Partners believes bitcoin has the ability to overcome current cyber problems: “There’s a lot of talent in the crypto industry, and people are working on bitcoin scalability. I don’t understand why anyone thinks bitcoin can’t continue to be number one in the cryptocurrency industry. “Bitcoin remains by far the best known and most valuable reserve currency in the cryptocurrency industry.”
The article is from Bitcoinist