BTC will follow a different pattern after halving, says expert

Bitcoin’s 2020 halving remains one of the most anticipated crypto events of this year. There is quite a bit of excitement about it in the industry, as investors and traders expect the coin’s price to surge after the event. After all, this is the pattern that it followed after the past two halvings.

Roger Ver says that Bitcoin will disappoint during and after halving

Whenever the blockchain rewards got cut in half in the past (2012, 2016), Bitcoin saw massive price surges. They may have needed some time to arrive, but they arrived nonetheless. So, it is hardly surprising that everyone expects history to repeat itself in 2020.

However, Bitcoin Cash’s Roger Ver expects that this will not, in fact, be the case. Ver recently suggested that the coin might follow a completely different path this time.

He noted that the blocks are currently full, which was not the case in the past. “Whenever the blocks are full during the halving, a bunch of hashrate disappears, network congestion worsens, resulting in fees going up and the transaction becomes unreliable,” he said.

Basically, he expects the events to unravel in a way that will show investors the major drawbacks of BTC. After experiencing the downsides of BTC, he expects investors to move to a different project. Of course, his Bitcoin Cash might just be what he planned to hint at.

Is it better for crypto users to move from BTC to BCH?

While this is not a surprising prediction from someone who promotes a competitive coin, there are some signs that he might be right. After all, a number of altcoins outperformed BTC in some areas recently. Others became much better at transaction speed, privacy, scalability, and similar aspects.

This is even true when it comes to Bitcoin Cash. It is faster than BTC, and its transaction fees are lower. It can also handle more transactions per second, which is what puts it ahead of BTC, according to Ver. In fact, Ver believes that BCH CashFusion is even better than Bitcoin’s Lightning Network.

Also, thanks to the Bitcoin.com wallet, BCH users can now enjoy much stronger privacy. Ver previously said: “And I think that’ll be a big turning point for the ecosystem as well.”

Of course, there is no way to see if Ver’s prediction is the correct one. In fact, his confidence goes against a recent report by messari.io, which says that BCH performance was pretty underwhelming. Especially when compared to that of BTC.

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Ver defended the poor performance by saying that the data used for the research came from a period when a stress test was conducted. As such, it is not accurate.