Looking back, old investors will remember the name Roger Ver. Ver was one of the figures who made significant efforts for the global adoption of Bitcoin (BTC) in its early days.
Roger Ver and His View on Bitcoin
A well-known name in Bitcoin and cryptocurrencies, Ver participated in the Bitcoin Takeover Podcast on March 27th. Roger Ver discussed various topics with Vlad Costa, including Ross Ulbricht’s 40th birthday, his thought process about cryptocurrencies, and the conditions necessary for him to vocally support Bitcoin again.
In his statement, Ver emphasized the potential of Bitcoin to provide more economic freedom to the world. However, Roger Ver pointed out that this has not been the case for the last seven years.
As soon as I see BTC as a product that could potentially offer more economic freedom to the world, I’ll immediately return there. But right now, I see that projects like Monero, Zano, Bitcoin Cash, Litecoin, and others have a much greater potential freedom impact for the world.
Roger Ver also added that the crypto world is gradually shifting from BTC to Monero (XMR) in the Darknet. According to Ver, this is because Monero helps to “bring more economic freedom to the world,” in his words.
Ver, one of the old faces of cryptocurrencies, had stopped supporting BTC in 2017. Roger Ver was also one of the main supporters of the alternative Bitcoin Cash (BCH) at that time.
People want to use as a store of value whatever they can use as a medium of exchange.
The Future of Bitcoin
The famous figure who made a choice between Bitcoin and Bitcoin Cash also criticized the external intervention on the BTC price.
The first issue he highlighted was Bitcoin’s higher value compared to its alternatives. He commented that “the free market never stops talking” about this issue. Secondly, he emphasized that so far, no “free market” dynamics have developed in pricing Bitcoin and other cryptocurrencies.
This is not a free market at all. It has nothing to do with it. There are bureaucrats and politicians everywhere setting rules for this and that. BTC is allowed to have an ETF today, maybe Ethereum will be next week, Ripple is in trouble with the SEC, Bitcoin Cash is in uncertainty, Monero is not allowed to be listed on exchanges in half the countries in the world because it’s too private. We’re not even close to a free market.
