Roger Ver: Bitcoin Cash is the real Bitcoin

The early Bitcoin investor declares that the futute of Bitcoin belongs to Bitcoin Cash
20 November 2017   1907

Roger Ver, the early investor in Bitcoin related startups who has always been a prominent supporter of Bitcoin adoption and saw Bitcoin as a means to promote economic freedom, now started to promote Bitcoin Cash. This was stated in a series of tweets in his official twitter account.

In the interview with Bloomberg Roger Ver explained that he considered Bitcoin Cash to be the future of Bitcoin when it was traded at the price of only $450 each. He claimed that he is a much bigger fan of Bitcoin Cash as BTH became the third biggest cryptocurrency in the entire ecosystem after 5 weeks. He also states that Bitcoin Cash is the most useful currency as it has a limited supply which can be moved much faster and cheaper.

Currently a daily Bitcoin Cash has a trading volume of over half and a circulating supply higher in comparison with Bitcoin. It's price showed crazy fluctuations recently and  the crypto community is beginning to pay closer attention to Bitcoin Cash.

Bitcoin Cash is the real Bitcoin and will have the bigger market cap, trade volume and user base in the future.
 

Roger Ver
Bitcoin investor

At the time of press, the price of Bitcoin Cash is $1195 which is lower than the price it had only two days ago, being traded at $1388on November 18. The market capitalisation of the coin is $20 billion.

Bitcoin cash charts november 2017Bitcoin Cash charts

Bitcoin Cash is also largely supported by a number of trading platforms, wallets and exchanges including Blockchain Wallet, Bitfinex, Bittrex, Poloniex, Trade Satoshi and Bitstamp.

Bitcoin Cash Payments to Have Low Popularity

According to the Chainalysis team, one of the reasons of this is concentrated ownership of tokens
21 August 2018   510

Analysts from the Chainalysis conducted an analysis of the trade turnover of the largest crypto payment services and found a significant decrease in the volume of payments in the Bitcoin Cash. This is reported by Bloomberg.

There are fewer users of Bitcoin Cash, fewer holders.
 

Kim Grauer

Senior economist at Chainalysis

Since the beginning of this year, the price of Bitcoin Cash has fallen by about 75%. However, this cryptocurrency remains one of the largest. So, according to CoinMarketCap, it occupies the fourth line of the rating, and the market capitalization of BCH is $ 9 billion. The weighted average price of the coin at the time of publication is approximately $ 520.

After analyzing the turnover of the 17 largest crypto payment services, including BitPay, Coinify and GoCoin, it became clear that Bitcoin Cash (BCH) payments in this digital currency significantly decreased. If in March Bitcoin Cash turnover was $ 10.5 million, in May it decreased to $ 3.7 million.

According to Grauer, another reason for the low adoption of Bitcoin Cash in e-commerce is concentrated ownership of tokens. It is reported that more than half of the offer of this crypto currency is on 67 wallets. At the same time, only two wallets store from 10 to 100 thousand BCH.