Roger Ver: “I Don’t Care Which Crypto Prevails as Long as the Asset Class Gains More Mainstream Traction”

During a recent interview with the SFOX team, CEO and BCH proponent ‘Roger Ver’ stated that he wasn’t particularly in love with anyone cryptocurrency and that he was willing to get behind any altcoin “that had the potential to garner mainstream financial appeal”.

On the subject, he further added that when the industry first came to prominence, Bitcoin was the only real crypto asset in the market. However, ever since this novel tech domain has become replete with thousands of tokens, he no longer has any close affinity to any one particular alt-asset.

He then went on to say:

“A lot of people accuse me of attacking Bitcoin, but I have no problem with Bitcoin whatsoever. I’m a fan of absolutely anything that works.”

A Closer Look At The Matter

As many of our readers may already know, Ver was one of the earliest backers of the Bitcoin project. Not only that, but he also injected a lot of his funds into blockchain startups such as Ripple, Kraken, and Bitpay when they were first appeared on the scene around 7-8 years ago.

However, over the past few years, he has primarily been associated with as well as the Bitcoin Cash project — a financial offering he believes has the potential to compete against the traditional dollar market.

“They wanted to see people have a choice as to what sort of money they get to use and have control over money. They wanted to see competition in the marketplace of money.”

With that being said, it should be remembered that selling the idea of widespread Bitcoin adoption to the masses is easier said than done. This is because today’s financial systems have penetrated into the daily lives of the common man to a very large extent— and thus there are not many folks who are willing to challenge the authority of this established framework.

Other Key Details Worth Pointing Out

As mentioned earlier, Ver has been a big supporter of the Bitcoin Cash project ever since its parent blockchain ‘Bitcoin’ started to witness an exorbitant spike in its transaction fees by the end of 2017. Due to these circumstances, Ver now claims that he has no particular affinity for anyone crypto project— rather, he would like the industry as a whole to succeed.

“At the end of the day, it doesn’t matter which cryptocurrency winds up being the dominant one, so long as it’s a cryptocurrency that actually puts people in charge of their own money and their own destiny. If it’s some cryptocurrency where transactions are monitored and controlled and spied upon by the NSA and whoever else, that’s a horrible thing for the world. But, if it’s a cryptocurrency in which individuals have control of their own money and privacy over their own money, that’s a fantastic thing.”

Some More Takeaways From Ver’s SFOX Interview

  • Roger believes that the ongoing attempts to censor Bitcoin go against everything this industry stands for.
  • Moving forward, Bitcoin, as well as many of today’s other leading crypto projects, will have to redefine their operational models so as to stay relevant.
  • From a transaction standpoint, Ver is still convinced that BCH has what it takes to outperform other major alt-assets such as ETH, BTC etc.
  • According to him, the world’s political brass has prevented Bitcoin from reaching the mainstream— since these elite individuals have the regulatory authority to not only stifle innovative within this domain but also drive entrepreneurs out of this market.

Final Take

Ver’s optimism regarding the future of the crypto market seems to be rooted in facts. However, as he has time and again stated, the regulatory authorities of the world seem hell bent on suppressing this fantastic industry and not allowing the masses to reap the benefits of such a novel technology.

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