Bitcoin price BOOST: Cryptocurrency 'oracle' says bitcoin cash is the FUTURE
Bitcoin price news bitcoin cash Vinny Lingham
CNBC•GETTY
Bitcoin cash will take over from bitcoin, Lingham said
BITCOIN may soon have to take a backseat to its offspring bitcoin cash, the 'bitcoin oracle’ Vinny Lingham has said.
By ABIGAIL MORRIS
PUBLISHED: 22:56, Fri, Jan 26, 2018
UPDATED: 22:58, Fri, Jan 26, 2018
Share on FacebookShare on TwitterShare on Google+Share with EmailShare via Whatsapp
Bitcoin is by far the most well-known cryptocurrency, but it might soon have to compete with its offspring, bitcoin cash, Vinny Lingham, the CEO of Civic said.
Speaking to CNBC, he said: “Personally when I look at bitcoin versus bitcoin cash.
“Bitcoin and bitcoin cash actually they’re focusing on two completely separate markets right now.
“These two products are serving different needs in a market.”
ADVERTISEMENT
Lingham said he thought bitcoin cash would succeed over bitcoin because it has more functionality.
He said: “The one need is global fast cheap payments with some tradeoffs and the other need is anti-fiat money where everyone can run a node to monitor and value their transactions.
“When I look at it from a products standpoint I think the greater demand is for peer to peer cash than for digital gold.
“But you know this is not something we will be certain of until a couple of years when this plays out.”
