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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.”

CNBC•GETTY Bitcoin cash will take over from bitcoin, Lingham said

I think the greater demand is for peer to peer cash than for digital gold Vinny Lingham

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.”

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