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"Bitcoin Jesus" Roger Ver to Spend $200M Fund for Bitcoin Cash Ecosystem

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Wed, 11/20/2019 - 18:18
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  • Roger Ver, the Father of Bitcoin Cash, announced his plans to spend $200M on developing an ecosystem at a regular meetup in London.

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Contents

As blockchain technology matures, the global community recognizes that the success of a cryptocurrency depends on two factors - the number of people who own it, and the popularity of the various commercial tools. Thus, the question of community development is now of paramount importance for all major blockchain teams.

Further Funding for Better Bitcoin

Roger Ver, an early Bitcoin (BTC) and famous Bitcoin Cash (BCH) promoter, shared his plans on developing a BCH ecosystem at yesterday's Bitcoin Cash Meetup in London.

Mr. Ver started his passionate speech with demonstrating how BCH could be utilized in a real-world economy. He concluded that BCH has achieved everything as a decentralized peer-to-peer equivalent of cash, becoming the most "Satoshi Vision" cryptocurrency.

The most exciting part of Mr. Ver's presentation was his plans for the development of an ecosystem. During the meetup, Mr. Ver announced that Bitcoin.com launched a $200M fund in support of the BCH ecosystem. This initiative will primarily focus on investing in businesses that use BCH. Roger Ver was slightly pretentious when he said that the final outcome of BCH is for everyone to have financial freedom.

Fast Transactions, Mass Adoption

Roger Ver has stated on numerous occasions that BCH is widely used in real-world situations due to the high-speed nature of this blockchain technology. The quantity of businesses that have implemented BCH is greater than any other cryptocurrency.

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BCH is a fork of Bitcoin Core. This occurred on August 1st, 2017 as a solution to the BTC scalability problem. It utilizes different block sizes and operates much faster than its predecessor.

$200M in funding sounds really exciting, but will it really boost mass adoption? How will it deal with the regulations? Share your opinions on Twitter!

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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COVID-19 Crisis Ruins Bitcoin's Q1, but Bulls Could Soon Have Massive Comeback

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  • Bitcoin (BTC) bulls have high hopes for Q2 after the coronavirus-induced crisis tanked the price of the leading cryptocurrency

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Bitcoin, the number one cryptocurrency by market capitalization, is set to finish its tumultuous first quarter of 2020 in the red with a 10.65 percent drop, according to crypto data provided by Skew.    

As reported by U.Today, it suffered a price crash of enormous magnitude due to the coronavirus pandemic that resulted in the global economic shock. 

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The stellar quarter that wasn't 

In early 2020, Bitcoin was on track to have its best Q1 since 2013. In fact, it gained more than 50 percent after reaching its current yearly high of $10,508 on Feb. 13. However, this rally hit a snag and BTC printed its first negative February close in six years

All bull dreams have been brutally shattered after the 'Black Thursday' of May 12. On top of halving its price in less than one day, BTC was actually in great danger of hitting zero because of a string of liquidations on BitMEX. 

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The odds are in the bulls' favor  

That said, there is still a good chance that the bulls can stage an impressive comeback in Q2, which is historically the most successful quarter for the leading cryptocurrency.

Last year, BTC kicked off its impressive rally on Apr. 2 with a sudden 20 percent price pump.   

At press time, BTC is sitting at $6,480, continuing its streak of range-bound price action.  

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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