Bitcoin Jesus Believes Crypto Is In Direct Competition With Fiat And The Issuance Of Money Supply


Bitcoin Jesus Believes Crypto Is In Direct Competition With Fiat

Bitcoin Jesus recently said that creation of crypto caused direct competition with fiat issued by the government. He is also called Roger Ver, the CEO of Bitcoin.com and he made the claims during the CNBC Future Money Conference. Roger had been invited to talk about BTC and BCH. Besides that, he talked about his initial entry in the crypto world, calling himself the first investor in this ecosystem.

The Speech

Roger Ver began his speech by speaking about how he succeeded as an entrepreneur before he joined the crypto space. He added that he gave up everything, including ignoring his former job to focus on BTC. It was during the time when each BTC was worth about $1 each. Roger also said that the crypto space was not about speculating on the different assets.

In his speech, he quoted what the CEO of Coinbase had said.

“The Coinbase CEO had said that the crypto-coin was the best way to grow economic freedom.”

He expounded on this point by saying that if it were to happen:

“The implications would be profound. It would help to lift may people globally from abject poverty and improve the lives of billions of people. It will also help to grow the rate of innovation around the world. Those are very exciting goals towards which to work. He concluded that the fact that crypto might be the most effective at reaching those goals makes it very exciting.”

Benefits Of Economic Freedom

Ver mentioned that economic freedom was important. This is because it would ensure that those with it have a higher per capita income. This would translate into higher life expectancy, fewer wars, higher rates of literacy, better environmental protection, and more happiness amongst the citizens.

This better standard of living would also lead to more entrepreneurial activity. This is because economic freedom ensures that innovators can engage in ventures they feel offer success. He gave the examples of Samsung, Apple, and IBM, which have brought amazing technology to the masses due to innovativeness and entrepreneurship.

Competition in the Money

Ver also talked about the ongoing competition between Samsung and Apple, which was never-ending. This was especially obvious on the phone front.

He said that due to the creation of crypto, there has been competition in the issuance of money. This is the first time it is happening. In the past, it has always been a preserve of the government. In essence, Roger Ver sees this as a separation of the ability to issue money and the state.

About Roger Ver

Also called the Bitcoin Jesus, he was amongst the first to make a major investment in BTC in early 2011. Since then, he has invested millions of dollars in various enterprises related to crypto. Besides that, his company was the first to accept payment in crypto. Roger now spends most of his time speaking at various conferences connected to the BTC. One of his most significant actions in recent times was his involvement in the creation of BCH from the BTC network.

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