Former Wall Street executive Michael Novogratz weighed in on the Bitcoin (BTC) vs Bitcoin Cash (BCH) debate in a tweet Saturday, May 5. Novogratz defended BTC’s status as the original cryptocurrency referred to in Satoshi Nakamoto’s 2008 whitepaper, and the true holder of the ‘Bitcoin’ brand.
Enough already. Bitcoin core is BTC. It is a store of value. It is digital gold. It’s market cap dwarfs bitcoin cash. If you want to be a payments currency by definition you need to have stable value. So why own it. ??
— Michael Novogratz (@novogratz) May 5, 2018
Novogratz’s tweet was a reply to a May 4 post from the Bitcoin Cash-promoting Twitter handle @Bitcoin. The @Bitcoin post claimed “Bitcoin Cash is the oldest cryptocurrency” and that “Bitcoin Core (BTC) is an experimental currency that does not have a white paper.”
In addition to defending the brand status of Bitcoin – confusingly referred to as Bitcoin Core, the name of its software client, by its detractors – Novogratz listed other perceived attributes of Bitcoin, taking a stab at Bitcoin Cash along the way: “[BTC] is a store of value. It is digital gold. It’s market cap dwarfs bitcoin cash [sic].” […]