Roger Ver says Ethereum will drive global crypto adoption instead of Bitcoin

Roger Ver, also known as Bitcoin Jesus for being an early advocate of BTC, recently made a statement that Ethereum, not Bitcoin, will be responsible for bringing in the majority of new users to cryptocurrencies.

Speaking on the Show Me The Crypto podcast on Tuesday, May 31, Roger Ver said that despite the Ethereum blockchain facing scaling issues and other Layer-1 competitors entering the market, Ethereum has managed to maintain its dominant position. He said:

“Even though Ethereum doesn’t have the biggest market cap compared to Bitcoin, I think Ethereum is the front-runner in terms of driving worldwide adoption.”

However, the Ethereum development team has been working hard to make the Ethereum blockchain more scalable and efficient. A pivotal moment for the Ethereum ecosystem was the Merge event in September 2022, following which Ethereum moved to a more scalable Proof-of-Stake (PoS) blockchain network.

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With future updates, Ethereum developers are likely to significantly improve network scalability. In the podcast interview, Roger Ver also praised the rise of Ethereum Virtual Machine-compatible (EVM) blockchains, as well as Layer-2 scaling solutions such as Polygon. He said that such solutions have helped to reduce the load on the main chain.

The Bitcoin vs. Ethereum ‘Civil War’

Roger Ver reminisced about the “civil war” that took place between Bitcoin developers and Ethereum co-founder Vitalik Buterin in the early days of crypto.

Buterin’s drive to build Ethereum stemmed from disagreements over the use of smart contracts, as well as a conflict over the idea that blockchains were purely for hosting currency or storing value. Ver said:

“All of that would have been built on top of Bitcoin if not for the scaling civil war that happened. These Bitcoin core developers hate Vitalik, and they basically drove him from the project to go and create Ethereum, and more power to him for that.”

Touching on the recent Ledger debate over the controversial Recover service, Ver called it “disappointing.” The Ledger Recover service proposed that users store their encrypted seed phrase along with external custodians to safeguard against any loss.

Ver emphasized that although custodial accounts and key recovery options are acceptable for individuals, the fundamental principle of cryptocurrency revolves around maintaining complete control over one’s assets at all times.

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