By
Bena Ilyas
April 25th, 2024
Roger Ver has come out of a year-long Twitter hibernation in order to tout the alleged benefits of Dogecoin.
Ardent promoter and early investor of Bitcoin (BTC), Roger Ver, has reemerged on Twitter, after a year of silence and backed Dogecoin (DOGE) in his first interview. A post welcoming himself back on his official Twitter handle read:
“Today marks an entire year since my last tweet. Think about how quickly the time goes. Make sure you are spending it on important things.”
In the interview, Ver shared his thoughts on DOGE and Elon Musk’s recent acquisition of Twitter. The “Bitcoin Jesus” posited that the meme coin was a better payment option than BTC due to its swift transaction times and low fees. Furthermore, in the same statement, the early BTC investor also said he favored the leading coin’s derivative, Bitcoin Cash (BCH), over the leading crypto. In Ver’s own words:
“Dogecoin is significantly better, it’s cheaper and more reliable [than Bitcoin]. If I had to pick three contenders for the world’s dominant cryptocurrency, they would be Doge, Litecoin and Bitcoin Cash.”
On Musk’s purchase and plans to revamp Twitter by promoting free speech, among other things, Ver also added:
“It’ll certainly make Twitter more attractive. I am really, really grateful that Musk is out there calling out censorship.”
Roger Ver & Elon Musk Both Seem to Think Dogecoin is Better Suited for Transactions Than BTC
Before his acquisition of Twitter, Musk had also been tweeting about DOGE for several months, effectively shilling the meme token. Going as far as dubbing himself the honorary CEO of Dogecoin, Musk also worked behind the scenes with the blockchain’s developers. According to the Tesla (NASDAQ: TSLA) head, this was to tweak DOGE’s code and improve its “system transaction efficiency”. The alleged transaction-friendliness of Dogecoin is something Musk and Roger Ver believe gives the asset a comparative advantage over BTC.
Ver and Bitcoin
Ver first started investing in Bitcoin in 2011, initially supporting the main coin for several years. When he began investing, the leading crypto was trading around just $1. In 2014, Ver took possession of the Bitcoin.com domain and started to promote the digital currency.
However, these days, “Bitcoin Jesus” now primarily promotes Bitcoin Cash for what he believes to be practical reasons. In Ver’s opinion, BCH is more in tune with the original purpose of the ‘Bitcoin White Paper’, first published in 2009 by Satoshi Nakamoto. Until now, Ver had only supported two digital currencies, Bitcoin and its derivative Bitcoin Cash. This support also extended to other Bitcoin-focused initiatives and projects, including startups.
Bitcoin Cash initially forked out of the main Bitcoin back in 2017 after a dispute over the block size. Now a full-fledged altcoin in its own right, the coin is currently changing hands at $303.13. In addition, BCH’s usage is also gradually gaining ubiquitous traction, and as recently as March, Ver provided some evidence. The BCH devotee posted a video on YouTube showing his entourage onboarding retail merchants and taxi drivers in SaintMartin, and paying in BCH.
Despite his perceived devotion to BCH, Ver also claims to be a crypto whale who has “a wide assorted basket in cryptocurrency.”