Roger Ver Net Worth, Bio, Wiki-Style Breakdown

Roger Ver giving a speech on a conference.
Courtesy of rogerver.com.

 

Who Is Roger Ver?

Roger Ver (aka “Bitcoin Jesus”) is an entrepreneur best known as one of the earliest advocates and promoters of Bitcoin. Bitcoin activities aside, Ver has also been involved with numerous other businesses, as well as various political causes.

Ver’s main achievements are summarized in the first paragraph of his LinkedIn bio:

 

Roger Ver has been a long time proponent of voluntaryism, the idea that all human interactions should be by mutual consent, or not at all. He is most well know for his work promoting Bitcoin. In 2011, his company, Memorydealers.com, became the first mainstream company to start accepting bitcoin as payment. He then went on to create Bitcoinstore.com, the first website in the world to accept bitcoin as payment for hundreds of thousands of items, and was the impetus for the future wave of merchant adoption. He also became the first person in the entire world to start investing in Bitcoin startups. Nearly singlehandedly, he funded the seed rounds for the entire first generation of Bitcoin businesses.

 

Roger Ver also has a brown belt in Brazilian Jiu-Jitsu and has competed at BJJ world championships.

 

Roger Ver Bio & Background

Screenshot from Roger Ver's personal website.
Courtesy of rogerver.com.

 

Roger Ver’s Business Activities

Roger Ver’s personal website and his LinkedIn profile provide information about his business activities before and after the emergence of Bitcoin.

While still attending college, Ver launched his entrepreneurial career by establishing MemoryDealers.com. Ver was 19 at the time. According to Ver’s LinkedIn page, Memory Dealers offered “the largest selection of discounted and custom transceivers, memory, and hardware”. Memory Dealers also designed, manufactured, and marketed memory modules for use in Cisco, Juniper, and Sun devices, as well as PCs and laptops.

Seeing an opportunity for fiber optic transceivers in networking subsystems, Ver founded Agilestar.com in 2005. Agilestar would soon become a “world leader in optical transceivers used by Fortune 100 companies around the world”.

Roger Ver heard about Bitcoin for the first time in 2011, and he instantly knew that it was a major innovation for humanity.

The price was still under one U.S. Dollar each, but he [Ver] already knew that it was one of the most important inventions in the history of humankind.

According to Ver’s website, Memory Dealers became the first established business in the world to accept Bitcoin as payment.

In 2012, Roger Ver became a founding member and board advisor at Bitcoin Foundation. According to Ver’s LinkedIn profile:

Bitcoin Foundation standardizes, protects and promotes the use of Bitcoin cryptographic money for the benefit of users worldwide.

 

Among other significant businesses associated with Ver are Bitcoin.com (founded November 2014) and Blockchain.com (July 2012). These first-generation Bitcoin and Blockchain companies were “nearly singlehandedly funded” by Ver.

A screenshot from Bitcoin.com.
Courtesy of Bitcoin.com.

 

Bitcoin.com is a web portal allowing users to purchase and sell cryptocurrencies. It also offers wallet functionality, crypto news, and cryptocurrency-related casino games.

The domain name “bitcoin.com” was purchased in 2014 for an undisclosed sum. According to Ver’s website, the deal “is considered to be one of top twenty most expensive domain sales of all time”.

Ver has managed the domain himself since 2015. In less than two years, Bitcoin.com attracted 3 million unique weekly visitors a week and hosted 11.5 million Bitcoin wallets.

A screenshot from Blockchain.com.
Courtesy of Blockchain.com.

 

Blockchain.com is “the world’s most popular Bitcoin and Ethereum wallet” and is “responsible for more Bitcoin transactions than all other wallets combined”. 50 million wallets have been created since the platform’s establishment.

Another notable venture is Bitcoinstore.com. Founded in November 2012 and containing over half a million consumer electronic items, Bitcoinstore.com was “the first website in the world to accept Bitcoin payments”.

Today, the domain Bitcoinstore.com is no longer active – users are redirected to Bitcoin.com.

 

Ver’s Advocacy Of Bitcoin

bitcoin
Courtesy of Pexels.

 

Roger Ver was an early investor and a passionate advocate of Bitcoin. As an active promoter of the currency, Ver was dubbed “Bitcoin Jesus”.

On August 4, 2011, Ver bet $10,000 that Bitcoin would outperform gold and silver by more than 100 times.

 

Recently I have noticed a lot of videos on YouTube where people are saying that Bitcoins are a scam, a Ponzi scheme, or otherwise a bad idea.

I disagree, so I would like to invite those people to put their money where their mouth is. I’m willing to bet $10,000 USD or equivalent in Bitcoins, that over the next 2 years, Bitcoins will not only outperform the stock market, Gold, Silver, and the US dollar, but Bitcoins will do it by more than 100 times.

This means that I am willing to bet that if Silver is up by %100 over the next two years, I think Bitcoin will be up by more than %10,000.

 

At the time, the price of Bitcoin was about $10.

A little over two years later, Ver published another video, summarizing the events that had happened since his bet. Ver announced that he would be donating $1 million to the Foundation for Economic Education.

 

 

A little over 2 years ago, I made a bet for $10,000 that Bitcoin would outperform gold, silver, the US stock market, and the USD by more than 100 x over the next two years.

I’m here today to say that I was wrong. In reality it took about two years and two months for Bitcoin to outperform everything else by more than 100x.

Over that time, gold and silver are down, the stock market is up about 45%, but Bitcoin is up more than 15,000%, or more than 300x everything else.

 

… since I was off by a few months regarding the time frame for the bet, I’ve decided to donate 1,000 Bitcoins, that were worth only $10,000 at the time I made the bet, but are now worth well over $1,000,000 USD, to the organization that published the books and articles that allowed me to understand just how important Bitcoin would become.  That organization is the Foundation for Economic Education,  or http://www.FEE.org​.

 

Bitcoin Cash

Over the years, Roger Ver shifted his advocacy toward making Bitcoin more agile so it could be more easily used in transactions.

As the popularity of Bitcoin had grown, the vast number of transactions significantly slowed down the Bitcoin network, and transactions would take days and weeks to clear. To speed up transactions, users would have to pay high fees.

This created a division within the Bitcoin community regarding what (if anything) should be done.

This division ultimately led to the “forking” of the Bitcoin blockchain and the creation of Bitcoin Cash (BCH) – an offshoot of Bitcoin.

Thanks to its larger block size, Bitcoin Cash theoretically allows for faster processing times of transactions.

The Bitcoin Cash coalition also favors its currency as a medium of exchange for commerce, while the Bitcoin coalition is less concerned with everyday payments and views Bitcoin as being more akin to “digital gold”.

As Investopedia explained at the time:

Major proponents of Bitcoin Cash, such as Roger Ver, often invoke (Satoshi) Nakamoto’s original vision of a payment service as a reason to increase the block size. According to them, the change in bitcoin’s block size will enable bitcoin’s use as a medium for daily transactions and help it compete with multinational credit card processing organizations, such as Visa, which charge high fees to process transactions across borders.

 

Bitcoin Cash (BCH) Vs Bitcoin (BTC) Today

Here’s what Ver said about the future of Bitcoin and Bitcoin Cash on CNBC’s “Fast Money”.

 

I think in the short run it [Bitcoin] can run up a lot more.

It’s no longer a cryptocurrency. It’s just a game of hot potato at this point, and games of hot potatoes can go on for a long time, and lots of people can pump a lot of money into it and it might go on for even decades. But as far as its [being] used as money, the developers behind that have destroyed that at this point.

I’m really, really concerned about the future of bitcoin.

The fact of the matter is, the utility of bitcoin has been damaged. If you feel like you missed out on bitcoin back in 2011, take a look at bitcoin cash, give it a use. I think you’ll be really, really impressed with the usefulness.

 

The creation of Bitcoin Cash sparked controversy and animosity between Bitcoin and Bitcoin Cash supporters.

Today, Ver remains a strong supporter of Bitcoin Cash, and he discussed his views on the future of his currency with Andrew “Nomad Capitalist” Henderson in February 2021.

 

Philanthropy

Ver’s LinkedIn page and his bio on his website list a number of other donations made by him over the years:

  • $250,000 to causes opposing the “war on drugs”.
  • $160,000 to the defense of Ross Ulbricht, creator of the dark web Silk Road exchange who was sentenced to life in prison for his role in running the website. Ulbricht’s charges included money laundering and the facilitation of drug trade.
  • $100,000 to AntiWar.com.
  • Undisclosed donations to Liberland and The Freedom Fund.

 

Libertarianism/Roger Ver’s Imprisonment For Sale Of “Explosives”

As noted above, Ver has been a strong supporter of various causes commonly associated with Libertarianism, and even unsuccessfully ran for office as a Libertarian at one point.

He also renounced his US citizenship, and has spoken passionately against political authoritarianism in connection to this.

In regards to his beliefs, Ver ascribes significance to the experience of being imprisoned as a young man.

During his youth- in 2002- Roger Ver was sentenced to 10 months in jail for “selling explosives” on eBay.

Ver would say in regard to this case:

 

It was basically a firecracker used by farmers to scare deer and birds away from their corn fields. While everyone else, including the manufacturer, were simply asked to stop selling them I became the only person in the nation to be prosecuted.

 

 

Roger Ver Net Worth

Estimates of Roger Ver’s net worth range from $425 to over $500 million. According to CNBC, Ver bought $25,000 worth of Bitcoin in 2011, which would be worth well over one billion for him today if he (hypothetically) still owns it.

TradersofCrypto.com gives a $430 million estimate, which -according to them- would have made Ver the 22nd richest crypto owner as of 2020.

 

Roger Ver And Brazilllian Jiu-Jitsu (BJJ)

Ver has also been a long-time practitioner of Brazillian Jiu-Jitsu (BJJ).

Here is a video of him participating in a BJJ match:

 

Roger Ver Online Presence And Publicity

Roger Ver has presence on the following platforms:

Via these channels, Roger Ver shares the latest news and his views on recent developments in the crypto world.

Ver has also been interviewed by numerous individuals.

Here he is talking with Anthony Pompliano on the Pomp Podcast:

 

Conclusion

Ver has a personal website where visitors can find his bio and links to the companies he has invested in, including Bitcoin.com, Blockchain.com, Ripple, and Fold. He can also be found at the above social media profiles.

 

 

 

Related Posts:

YouTube Expert Nick Nimmin

Learn More About Andrew “Nomad Capitalist” Henderson

Who Is Crypto YouTuber VoskCoin?