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A new low on Christmas Day
With people all around the globe unpacking their Christmas presents, "Bitcoin Jesus" Roger Ver, who is known as one of the most ardent proponents of BCH, should probably stay away from price charts not to spoil his delightful holiday mood.
BCH plunged to a new low just five days after Ver predicted that it would be able to overtake the market capitalization of its bigger stepbrother due to real-life businesses adopting the coin.
"Eventually it will surpass the market cap of BTC that is only viewed as a speculative asset at this point."
Ver became a legend within the cryptocurrency community after accurately predicting Bitcoin's explosive growth as early as in 2011, but he later threw his support behind the competing fork that aims to solve BTC's scaling problem with bigger block size.
What's in store for Bitcoin Cash?
As reported by U.Today, Ver earlier told CNBC's Mellissa Lee that Bitcoin Cash could potentially go up 1,000 times. However, despite all partnerships that he likes to showcase on Twitter, BCH is currently down by more than 95 percent from its all-time high of $3,750.
Another major Bitcoin rally will most likely result in yet another low for BCH, which makes the future of the fourth biggest cryptocurrency very murky.