Roger Ver is the founder of Bitcoin.com and is very bullish on cryptocurrencies. Even though the market keeps falling, he told Bloomberg that the future looks brighter than ever.
Why is Ver bullish on cryptocurrencies?
In an interview in Tokyo with Bloomberg, Roger Ver puts bitcoin and bitcoin cash’s differences aside. Even though he is still betting on bitcoin cash for the future, he argues that it is important to see the bigger picture. He explains that even though the price is crashing down, the case for further adoption is foolproof. He said:
“Long term, the future’s brighter than ever; there’s more awareness, there’s more adoption, there’s more stuff happening all over the world. Of course, I’m incredibly bullish on the whole cryptocurrencies ecosystem.”
The price might be going down, but the fundamentals are stronger than ever. Not only are more people aware of cryptocurrencies in general, but cryptocurrencies are also gaining a lot of traction from institutions all around the world as well. Institutions such as Fidelity and ICE, through the platform Bakkt, among other organisations are entering the market. Not only are institutions entering the market, but over 3,000 tobacco shops will also be able to sell bitcoins starting in January 2019. Seven EU members states are even joining forces to promote blockchain as a part of the future.
Therefore, the price is very volatile, but the adoption of the blockchain is steadily increasing.
The big picture of cryptocurrencies
This year, 2018, is a sour year for cryptocurrencies, and Roger Ver has seen bitcoin cash split into two chains and losing much of its value. Bitcoin found a low point of $3,500 but have rebounded from the lows of 2018. The current price hovers around $3,669. Ver stated that he is very bullish on cryptocurrencies and think that the future is bright and comments that bitcoin cash is still his favourite.
Many investors are speculators when it comes to cryptocurrencies and blockchain, but Ver states that we need to see the bigger picture and what good blockchain can do for our society. The goal is to bring economic freedom to the world. Ohio sets an example by accepting cryptocurrencies as a way for individuals to pay taxes.
“I think we need to build an economy [based] on actually using cryptocurrencies as currencies rather than just a bunch of speculators speculating. That’s the goal with Bitcoin Cash, both the SV camp and the ABC camp – and I wish every cryptocurrency good luck if they’re trying to bring more economic freedom to the world by making (themselves) useful as currencies for the world.”
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Dennis Sahlström has been trading and investing since 2012 and has for the last two years been consistently profitable. He has been in the crypto- and blockchain space since the middle of 2017 and realized its potential for our world, not least how it is transforming the society we live in. He has now created an education platform, together with the wealth coach Marcus the Maria. They teach regular people how to invest and trade in the cryptocurrency market with proven strategies. If you want to learn more and feel like its time to get into this new asset class, download our free book and register to the next live training to get your future in cryptocurrencies started.