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Roger Ver, made the unprecedented announcement that he believes other cryptocurrencies will exceed Bitcoin in value. He stated: “I see it happening, and I believe it’s imminent.” Mr Ver declared Ethereum possesses the technological capabilities to overtake Bitcoin by the end of 2018 while Bitcoin Cash could surpass its crypto brother “before 2020”. He told the Independent: “Ethereum could overtake Bitcoin by the end of the year and Bitcoin Cash could do the same before 2020.”

Getty Mr Ver claimed Bitcoin Cash could 'double' in value by next week

The cryptocurrency expert insisted Bitcoin is hamstrung by slow transaction times and high fees while other cryptocurrencies have attempted to solve these problems. Mr Ver claimed Bitcoin Cash could “double” in value by next week thanks to a slew of funding from “big investors”. He went on: “It’s not guaranteed but it is much more likely to happen than not. “Bitcoin Cash has more than doubled in value in the last month and big investors coming in soon could see it double again by next week.

Cryptocurrency price: A year in charts Mon, March 12, 2018 Compare crypto currencies (Ripple, Bitcoin, Ethereum, LiteCoin) on value, market cap and supply for the past year Play slideshow coindesk.com 1 of 10 LiteCoin is going down with the market dip

“People love to chase a rising star.” However Michael Jackson, from venture capital firm Mangrove Capital Partners, emphasised Bitcoin is able to adapt thanks to people who are working to solve its “scalability problems”. He stated: “There is so much talent in the crypto space, and people are working on solving these scalability problems. “I don’t see why Bitcoin shouldn’t remain in the number one spot.

“It is still by far the best known and it is ultimately the reserve currency in the space.” Bitcoin is trading at $8,295.85 at the time of writing while Ethereum is selling for $730.86. Both cryptocurrencies have seen incredible spikes in value over the course of the last month. Bitcoin has added a whopping $2,091.97 to its value in the last month.

Getty Bitcoin has added a whopping $2,091.97 to its value in the last month

Getty Ethereum has seen a sharp 75.85 per cent increase in price in the last month