Billionaire Mike Novogratz is fed up with Bitcoin debate

Billionaire Mike Novogratz is fed up with Bitcoin debate
May 8, 2018 by Rico Wise

Mike Novogratz, former partner of Fortress, has had enough of the debate about Bitcoin Cash and Bitcoin Core. In his response to a two-year-old post claiming that Bitcoin Cash is the oldest digital currency, and that BTC is an experiment, Novogratz replied that Bitcoin core is BTC, which is also a store of value, and its market cap can belittle Bitcoin Cash any day of the week.

Having raised a quarter of a billion dollars to set up a digital currency merchant bank in Canada called Galaxy Digital, Mike Novogratz also contemplated that bitcoin is an analogue of gold, or, in other words, an asset utilized to store value and never used for payment in the real world. Novogratz argues whether BCH or BTC is the true successor of the Bitcoin mantle, as the controversy between the two has been stirring up lately.

All the fuss started when Bitcoin.com started altering its block explorer to Bitcoin Cash (SCH) and Bitcoin Core (BTC), which involved a consequential and rather obvious backlash, with a lot of criticism towards Bitcoin Cash, even going as far as to launch a campaign for a class-action lawsuit against Roger Ver, who stands behind Bitcoin.com. The initiative wasn’t successful due to insufficient donations to kick-start the campaign.

Nevertheless, it was still successful in a way that Bitcoin.com had quietly changed the block explorer back the way it was.