Roger Ver, the influential cryptocurrency advocate, shared his candid thoughts on Bitcoin‘s role in economic freedom and why he has shifted his support away from BTC. Ver, who was instrumental in promoting Bitcoin in its formative years, voiced his opinions on the Bitcoin Takeover Podcast, hosted by Vlad Costa.
Roger Ver Reassesses Bitcoin’s Impact
During the discussion, Ver highlighted his vision of Bitcoin as a tool for enhancing global economic freedom—a vision he believes has not been realized over the past seven years. He expressed willingness to endorse Bitcoin once again if it aligns with his criteria for creating economic freedom. Meanwhile, he recognizes that other projects, such as Monero, Zano, Bitcoin Cash, Litecoin, and others, may currently have a greater potential to fulfill this role.
Ver pointed out a trend in the Darknet, where Bitcoin has been losing ground to Monero, which he suggests is better poised to offer economic freedom. His stance has evolved since 2017 when he ceased supporting BTC and became a prominent proponent of Bitcoin Cash (BCH), advocating for its use as both a medium of exchange and a store of value.
Crypto Market Dynamics Under Scrutiny
Ver also expressed criticism over apparent external influences affecting Bitcoin’s price, underscoring the absence of a true free market within the cryptocurrency space. He noted the disparity in value between BTC and its competitors and highlighted how market forces have not yet fully shaped pricing in the crypto world.
According to Ver, the current state of the cryptocurrency market is far from a free market. He notes the pervasive role of bureaucrats and politicians in setting rules that impact the market, citing examples such as Bitcoin’s ETF approval, Ripple‘s legal troubles with the SEC, and restrictions on Monero due to its privacy features. Ver’s insights shed light on the complex and often regulated environment in which cryptocurrencies exist today.