Bitcoin.com founder and Bitcoin Cash proponent, Roger Ver calls fraudulent activity in the blockchain industry a positive indicator and gives his perspective regarding crypto future.
The digital money market is still in its infancy, hence quite volatile. This creates uncertainty, said Roger Ver in a Bloomberg interview. He couldn’t confim if bitcoin hit the bottom, as nobody knows whether the price goes up, down or sideways in the short term, which in part generates user enthusiam.
“Long term future of bitcoin is brighter than ever,” asserted Ver, clarifying his market position as ‘fundamentalist’.
Ver said high level of fraud within the industry is an indicator of a widespread adoption and technology’s increasing value. He highlighted the fact that hackers would not break into something they consider worthless and waste their own time – this speaks in favour of digital assets and their value. If anything, there’s more awareness and cryptocurrency is here to stay.
Ver advocates market regulation, and shares Japan’s progressive approach as industry’s leader. Tokyo boasts a great number of shops and restaurants that accept cryptocurrency. Yet more adoption of digital money as means of payment is needed across the globe.