Bitcoin will soon lose its place as the world’s most valuable cryptocurrency, according to one of the earliest advocates of the digital currency.
Roger Ver, whose involvement in the space since 2011 has earned him the moniker ‘Bitcoin Jesus’, believes technologically superior cryptocurrencies like ethereum and bitcoin cash will see massive gains in the coming months and years.
A significant surge in their value will likely correlate with more modest gains for bitcoin, according to Mr Ver, leading to what analysts have termed “The Flippening” – the point in time when bitcoin no longer the cryptocurrency with the highest market capitalization.
“I see it happening, and I believe it’s imminent,” Mr Ver told The Independent. “Ethereum could overtake bitcoin by the end of the year and bitcoin cash could do the same before…
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