Bitcoin.com co-founder Emil Oldenburg explained why he sold all his bitcoins. He is sure that bitcoins, like the currency of trading, have no future.
Oldenburg described investments in bitcoins as the most “extreme investment”. In his opinion, the owners of bitcoins will begin selling their electronic savings when they understand how this crypto currency works. Oldenburg said this in an interview with Business Insider.
The future of bitcoin.
The Future of Bitcoin | mint.net.ua The businessman sold all his bitcoins, but he did not abandon the very idea of crypto currency, starting to use Bitcoin Cash.
Among the main problems of bitcoin Oldenburg noted the falling speed of transactions and high commissions. The bandwidth of bitcoin is limited by the “block size” – the memory storing the translation records. For these reasons, investments in bitcoins become very risky.
Recall that the rate of bitcoin against the dollar began to fall after reaching a historical record of $ 20 thousand.