Bitcoin Cash News: Roger Ver Still Bullish; Network Updates; BCH Down

Bitcoin Cash news

Bitcoin Cash (BCH), ranked as the fourth largest cryptocurrency, is down today — as with the rest of top-ten coins, though. This may come as a surprise to some, considering there was some major Bitcoin Cash news circulating yesterday. Specifically, news regarding Roger Ver and his bullish stance on Bitcoin Cash (BCH). 

Bitcoin Cash (BCH) Daily Chart 

Bitcoin Cash (BCH) is currently selling for $1,282.43. This puts BCH down 6.40% in the past twenty-four hours. 

Source: CoinMarketCap

Bitcoin Cash (BCH) has a market cap of $21.97 billion, putting it below Ripple (XRP) and ahead of Litecoin (LTC). 

Bitcoin Cash News | May 16, 2018 

Yesterday, Roger Ver, sometimes referred to as “Bitcoin Jesus,” reiterated just how bullish he is about Bitcoin Cash (BCH). Last week, Ver stated that he believed Bitcoin Cash (BCH) would generate enough gains to surpass Bitcoin (BTC). This week, he’s still on the Bitcoin Cash train, but this time, he’s comparing BCH to the likes of Bitcoin core. Note that Bitcoin is being written as Bitcoin core in this article, in order to differentiate it. 

In an interview with CNBC, Ver, who was one of the first individuals to invest in Bitcoin (BTC), stated that the Bitcoin core software has become “slow,” as well as “unreliable,” and “expensive.” As a result, Ver recommended Bitcoin Cash (BCH) to the public. The early investor added that Bitcoin Cash (BCH) is on the right economic path, and that’s why he is as bullish about it as he was about Bitcoin seven years ago.

More Bitcoin Cash News 

Aside from Roger Ver’s statements, yesterday saw more news surface regarding Bitcoin Cash. For instance, Bitcoin Cash created a new blockchain yesterday. How? By using block size limits of 32 MB. Unfortunately, however, this news was not as positive as the comments of Mr. Ver. BCH’s value dropped roughly 5% following the upgrade. 

Bitcoin Cash Community Response

So, what’s the BCH community saying on social media? Does the community agree with Ver? The consensus seems to be a little scrambled. While people have a love for BCH, not everyone agrees with Ver; some even called him a scammer. 

What do you think? Let me know.

Featured Image: twitter

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