Swedish Emil Oldenburg, co-founder of Bitcoin.com, announced that he sold all Bitcoins and bought Bitcoin Cash. In an interview with the Swedish Breakit channel, Oldenburg stated that he lost his trust in Bitcoin and that he thinks that Bitcoin has deviated from its purpose on the way to become internet money.
At this point, investment in Bitcoin is in my opinion. It is one of the riskiest investments you can make. This is a very high risk investment, so I sold all my Bitcoin and moved to Bitcoin Cash.
SLOW AND EXPENSIVE TRANSACTIONS
Oldenburg has been living in Tokyo for years and He also gets his salary in Bitcoin. Now, high transfer transactions and delayed transactions have led him to switch to Bitcoin’s rival, Bitcoin Cash.
Bitcoin’s transaction fees have risen from around 20 cents to $15 since the beginning of the year.
Oldenbur co-founded Bitcoin.com with Roger Ver, also known as the “Jesus of Bitcoin.” Ver is known as one of the most ardent supporters of Bitcoin Cash.
The value of Bitcoin Cash has increased by more than 100% in the last week! What do you say, will this upward trend in the price of Bitcoin Cash continue?