Bitcoin is the world’s first decentralized digital currency could be overtaken by Ethereum whose prices have considerably increased over the past three years. Roger Ver, Bitcoin’s most trusted investor in start-ups like Blockchain.info and BitPay.com, who are now among the most successful companies, has claimed that Ethereum and Bitcoin Cash is soon to take over the cryptocurrency space backed up with major profits in the coming months or years.
He is extremely positive about its happenings in the near future. Mr. Ver stated in his interview with The Independent:
“Ethereum could overtake bitcoin by the end of the year and bitcoin cash could do the same before 2020.”
Analysts have coined a term named “The Flippening” with which Bitcoin will no longer hold the highest market capitalization giving way to other major projects like Bitcoin Cash. Mr. Ver also mentioned about the slow transaction issues in Bitcoin’s core technology and how the fees have soared high with growing popularity of the network.
More people these days believe in the power of blockchain technology and with Ether gaining a lot of recognition due to a turbulent surge this year, makes Ether’s decentralized software programme more user-friendly and gives way to better standards of a talent show in this space. Experts have also claimed that there is no reason for Bitcoin to fall back on its charts as it still remains dominant. With Ethereum’s increasing circulation, Bitcoin is also seeking to double its value with big investors coming in the scene from next week.
In the past twelve months, the price of one Bitcoin has come around $1,700 to $9,360, with an average increase of 450 percent.
The former COO of Skype, Mr. Jackson claimed:
“There is so much talent in the crypto space, and people are working on solving these scalability problems”