Roger Ver Advocates Institutional Investors to Buy Bitcoin Cash (BCH) vs BTC
Roger Ver Says Institutional Investors Should Place their Funds in Bitcoin Cash (BCH)
Roger Ver, one of the most important figures in the cryptocurrency space, gave his opinion about why institutional investors should place their funds in Bitcoin Cash (BCH) rather than in Bitcoin (BTC).
Bitcoin Cash was born as a fork of Bitcoin due to the fact that the community couldn’t get reach a consensus about how to properly scale the network. Bitcoin Cash supporters decided to increase the block size, while Bitcoin supporters preferred to implement an off chain scaling solution known as Lightning Network (LN).
Institutional investors were confused about where to start investing. Roger has been asked to explain why Bitcoin Cash is better than Bitcoin. He said that institutions should have a look at how Apple stock evolved during time. Then he mentioned how he bought Bitcoin when it was less than just $1 dollar.
His comments are very important because Bitcoin Cash has lost over 50% compared to Bitcoin in the last three months.
Back in 2011, Bitcoin moved from $1 dollars up to $30. After this, Bitcoin dropped down to $2 dollars, over 90% drop. Roger Ver explained that he did not sell any single Bitcoin he had because he was sure about the future of the space. He believed that Bitcoin was going to be used around the world as a peer-to-peer electronic cash system.
After it, Bitcoin reached in just some years $20,000 dollars. According to Ver, Bitcoin’s price increased due to mass adoption. However, he explains that the fundamentals are no longer present in Bitcoin today as they are in Bitcoin Cash.
Bitcoin is currently the most important virtual currency in the market, while Bitcoin Cash ranks in the fourth position. In the last 24 hours, each virtual currency grew 3% and 5.8% respectively. Bitcoin is being traded close to $6,500 and Bitcoin Cash near $450 dollars.