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Roger Ver, CEO of Bitcoin.com and the de-facto face of the Bitcoin Cash (ABC) project, recently met with Bloomberg in an exclusive video. Ver, known for his hate for centralized entities, and radical libertarian thought process, and penchant for the Austrian brand of economics, maintained that cryptocurrencies still have value, even in spite of 2018's dismal market trend.
Crypto Champion Roger Ver Still Undoubtedly Bullish
Roger Ver, one of the crypto industry's earliest proponents, has been a leading champion of this innovation. Since the 1st year, 2017's infamous Bitcoin hard fork, he continues to laud cryptocurrencies for their groundbreaking potential and ability to disrupt centralized players.
He recently took this passion to the streets of Tokyo, Japan, where he was met by most recent happenings.
.@rogerkver says the future of crypto is brighter than ever https://t.co/CyeAjQ4ajC pic.twitter.com/c4A3KXa7DN
– Bloomberg Crypto (@crypto) December 4, 2018
The Bloomberg host, evidently referencing reports that November 2018 has been Bitcoin's worst month in years (some say seven), noted that the market has been "chilly," before asking , to the draw, exclaimed that "nobody knows." Ver. joked that this unpredictability concerning "up, down, or sideways" movements are just a part of cryptocurrencies' inherent "fun."
The Bitcoin Cash proponent, who lauds BCH as the true digital cash, doing his best to specify a prediction, responded by stating:
I'm a fundamentals investor, I know I'm investing [due to] fundamental [factors]. [In the] long-term, the future is brighter than ever [for cryptocurrencies]. There's more awareness, there's more adoption, and there's more stuff happening all over the world. So, of course, I'm incredibly bullish on the entire crypto-coin ecosystem.
Cryptosphere, the host, who did not seem to be too sold on crypto, asked Ver if the $ 530 million hack of CoinCheck and / or a notable Japanese Bitcoin Ponzi scheme have undermined this innovation's viability or credibility. Interestingly, Vering the question right on its head, noting:
If anything, I think its bringing additional awareness to the ecosystem. The fact that such big players (institutions) are involved, and hackers are trying to hack it, that means cryptocurrencies are worth something. If it was not worth anything, I know, it's just a bullish signal that cryptocurrencies are here to stay for the long-term.
Ver: Self-Regulation Makes Sense
To the Japanese Financial Services Agency (FSA), the nation's equivalent of the SEC, and to the Japanese Virtual Currency Exchange Association (JVCEA) to self-regulate local crypto exchanges. This is a self-regulation makes sense.
The Bitcoin.com chief explains that the industry knows itself best, making self-regulation presumably better for all parties. In the end, the JVCEA will be incentivized to establish the proper success of the cryptocurrencies. More specifically, presumably drawing from the countless Japanese exchange hacks, it is evidently a good choice.
Speaking out against regulatory measures imposed by bureaucrats, Ver noted:
To think that a politician in some government office somewhere knows more about how cryptocurrencies work and how to keep them safe from hackers, I think is just naive. I know the most of the industry participants.
Cryptocurrencies assets higher over the long haul, noted:
I think we need to build the cryptocurrencies, as money, to buy and sell things, and pay their bills.
Title Image Courtesy of @gebhartyler on Unsplash
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