Why ‘Bitcoin Jesus’ is so bullish about Bitcoin cash

Cryptocurrency users and developers around the world are adopting bitcoin cash at faster rates than bitcoin core, Roger Ver, one of the first investors of bitcoin, told CNBC.

Bitcoin cash, a bitcoin offshoot, split off from bitcoin last year after a small group of developers decided to add upgrades that would improve transaction efficiency. The original Bitcoin is being referred to as Bitcoin core to differentiate it from the other version.

But Ver, who is sometimes called “Bitcoin Jesus” because he was one of the first investors of bitcoin, said the Bitcoin core software is “slow, expensive and unreliable.”

Instead, he recommended bitcoin cash, which he said, is built specifically for transactions.

Ver said new innovation and infrastructures are being built on top of bitcoin cash, “because it actually works.”

“All of these existing businesses are building their new products on top of bitcoin cash, just like myself as the CEO of bitcoin.com,” Ver said on “Fast Money” Tuesday. His website helps investors buy and store bitcoin and other cryptocurrencies.

“The economic path that bitcoin cash is on is the one that led to bitcoin’s original success,” Ver said. “I’m incredibly bullish on bitcoin cash for the exact same reasons I was bullish on bitcoin back in 2011.” […]

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