Why "Bitcoin Jesus" Bullish Against Bitcoin Cash?
Cryptocurrency users and developers around the world adopt the bitcoin cash at a rate that is faster than the core of the bitcoin, Roger Ver, one of the first investors bitcoin, told CNBC.
Bitcoin cash, a branch of the bitcoin, broke away from the bitcoin last year after a small group of developers decided to add an upgrade that will increase the efficiency of transactions. Bitcoin native known as the core of the Bitcoin to distinguish it from other versions.
But Ver, which is sometimes called "Bitcoin Jesus" because he was one of the first investors bitcoin, says software core Bitcoin "slow, expensive and unreliable."
Instead, he recommends bitcoin cash, which he said, were built specifically for the transaction.
Ver said innovation and new infrastructure is being built on top of the bitcoin money, "because it really works."
"All of these businesses are building their new products on top of the bitcoin, just like my own bitcoin.com as CEO," said Ver on the "Fast Money". The website helps investors buy and store cryptocurrency and other bitcoin.
"The economic Path bitcoin cash is the one that leads to the success of the original," said Ver bitcoin. "I'm very bullish on bitcoin cash for exactly the same reasons I did a bullish on bitcoin in 2011."
Bitcoin cash creates a new blockchain with 32 MB block size limit. A software update soon caused the value of bitcoin cash fell about 5 percent.
However, just above the level of the $1,300, Tuesday night, 6 pm. ET, bitcoin cash almost doubling the rate climbed April 17, from $763, when the BKCM investment company founder and CEO Brian Kelly predicts coins will make a comeback at the end of the year.
Bitcoin cash is also a great berkapitalisasi cryptocurrency best in the last month, beating other major digital coins like the ethereum, bitcoin ripple and traditional.
Ver is not worried about the sudden decline and even predicted the bitcoin will be doubled at the end of the year.
"That's what really gives the underlying value of bitcoin cash, that you can use it in trade to pay for the goods. In fact, many other token out there just kind of turned into a speculative asset that actually does have utility. "
"This is happening fast and furious across the world," he said. "Bitcoin cash serves as money; the core of the bitcoin, alas, no longer. "
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BTC=Jesus
BCH=Juda
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