Bitcoin and Bitcoin Cash Pump on Roger Ver’s Birthday? Coincidence or Not?
Roger Ver could have set up the perfect birthday present for himself. The long-time cryptocurrency investor recently marked his 41st birthday. On that fateful day, the price of both Bitcoin and Bitcoin cash went up significantly.
I’m 41 years old today.
21 years spent promoting free markets and voluntaryism.
9 years spent promoting peer to peer electronic cash to enable it. pic.twitter.com/WtitzoiqI2
— Roger Ver (@rogerkver) January 27, 2020
Could it be a coincidence, or did Roger Vers influence the market?
No Stranger to Controversy
Roger Ver is no stranger to controversy as with most other large-scale cryptocurrency investors. He has had his fair share of controversy, especially concerning his citizenship and Visa.
His controversies also exist within the cryptocurrency industry. In 2018, the veteran crypto investor announced his investment in Bitcoin cash. In a twitter post, he highlighted the factors that drove him towards investing in Bitcoin, stating that they were the same factors that informed his decision to invest in Bitcoin cash.
The reasons I started investing in Bitcoin in 2011 are the exact same reasons I’m investing in Bitcoin Cash today. pic.twitter.com/OpOV7OKeGN
— Roger Ver (@rogerkver) September 5, 2018
With his understanding of the markets, given his long-term investments, it could be that the investor influenced the price of the cryptocurrencies as a birthday gift for himself. He is likely one of the whales in the market; thus, he could easily influence the prices of the cryptocurrencies.
However, there are also developing stories concerning Ver’s Bitcoin mining pool, suggesting that they would no longer back Bitcoin Cash. This brings in a new twist to his story.
Bullish Sentiment in Markets is increasing
Can't wait to see what Asia does with the Bitcoin price tonight at 8pm!
Let's go South Korea and Japan – push us to $10,000 USD! pic.twitter.com/H7UmDHxsaP
— Jason A. Williams 🦍 (@JWilliamsFstmed) January 30, 2020
Despite the possibilities of a pump, the community is still excited about Bitcoin. The cryptocurrency is gaining after slacking off during the last quarter of 2019, and it could be on its way past $10,000 soon.
Featured Image Source: Forbes
Sal Miah is the senior editor at Blockspectator News and is a regular contributor to a variety of cryptocurrency news websites and projects. He has written hundreds of articles on numerous topics related to blockchain and also has a special interest in financial markets. Contact him directly at email@example.com