12 Years Ago Roger Ver Purchased A Baklava For 14 BTC — Today 'Bitcoin Jesus' Believes King Crypto Is No Longer Usable, Here's Why
Portfolio Pulse from Mehab Qureshi
Roger Ver, an early Bitcoin adopter known as 'Bitcoin Jesus', reflects on the change in Bitcoin's usability for transactions like buying baklava due to high fees from limited block size. Ver advocates for larger block sizes to restore Bitcoin's function as a peer-to-peer electronic cash system. His concerns about Bitcoin's direction contrast with developer Jameson Lopp's view, who highlights the Lightning Network's role in facilitating faster, lower-value transactions. BTC price is slightly down at $36,674.
November 14, 2023 | 12:05 pm
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NEUTRAL IMPACT
Roger Ver's comments on Bitcoin's usability issues due to high fees and limited block size may influence investor sentiment, while the mention of the Lightning Network by Jameson Lopp could counterbalance concerns. BTC is currently trading at $36,674, down slightly.
Ver's critique may cause concern among investors about Bitcoin's scalability and practical use, which could have a negative impact. However, the mention of the Lightning Network as a solution may mitigate these concerns, leading to a neutral short-term impact on BTC price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100