He may be one of the most controversial Bitcoin and Bitcoin Cash advocates but there is no doubt that he likes to stir in the crypto realm. Who is the ‘Bitcoin Jesus’?
Introducing the ‘Bitcoin Jesus’
His real name is Roger Ver. He is the self-proclaimed ‘Bitcoin Jesus’ and relentlessly advocates the use of Bitcoin Cash as a means to economic freedom. Initially, he pushed Bitcoin via his site Bitcoin.com. Only recently, did he convert to Bitcoin Cash, urging his so-called followers to buy Bitcoin Cash.
Ver was born in 1979 in San Jose. He dropped out of college to pursue business interests. He served prison time for selling illegal explosives. In 2005 he moved to Japan. He was number 36 on the 2018 Fortune’s The Ledger 40 under 40 list for his contribution to transforming business at the leading edge of finance and technology. He is known as an anarcho-capitalist and a peace advocate. Business wise he was the CEO of MemoryDealers.com.
He bought Bitcoin in 2011 and since then has invested more than $1 million into Bitcoin-related start-ups. This includes Kraken, Ripple, Bitpay and Blockchain.info to name but a few. MemoryDealers.com was the first company to accept Bitcoin payment. Ver started Bitcoinstore.com in 2012 and allowed Bitcoin holders to buy thousands of items. In 2014, the started the Bitcoin.com site. He is also one of the founders of the Bitcoin Foundation.
Ver supports the mass adoption of Bitcoin and believes it will give hodlers economic freedom. Since the release of Bitcoin Cash, he has been vigorously promoting the coin. He praises Bitcoin Cash for its ability to improve on certain issues relating to Bitcoin. This includes high fees and slow transaction time.
Bitcoin Cash in the news
In recent reports, it sounds as if the support for Bitcoin Cash may be fading amidst attempts by Ver to promote the crypto. Several analysts have confirmed that Bitcoin Cash is not really being used to make payments. One such a firm is Chainanalysis who says that according to their analysis payments via Bitcoin Cash has decreased from $10.5 million in March to $3.7 million in May. Bitcoin payments, on the other hand also went down from $412 million that was recorded in September 2017 to $60 million in May 2018. This may be due to Bitcoin dropping by more than 70%. Since the market reached its all-time high in December 2017, Bitcoin Cash’s market cap dropped to $9.4 million or 85%.
Despite a decrease in the number of payment transactions, Ver remains undeterred and will not stop advocating Bitcoin Cash. Instead, he reacted via Twitter and said it is the long-term price of a crypto serves as a function of how useful it is as a currency.
The Bitcoin Cash market
According to Coinmarketcap, Bitcoin Cash is trading at about $547. In spite of the drop in price, some are predicting that the coin could make a comeback later in 2018. But only time will tell.