Co-founder sold all my bitcoin

Investor Emil Oldenburg stated that bitcoin has no prospects as a trading currency.

Співзасновник продав всі свої биткоини

One of the founders Emil Oldenburg sold his bitcoin. This was reported by Business Insider, reports Rus.Media

Oldenburg said that bitcoin has no prospects as a trading currency. He believes investing in bitcoin is the most risky investment that one can make.

– People will start to get out of bitcoin as soon as I understand how this crypto-currency, – the businessman noted.

According to Oldenburg, the main problems of bitcoin is of the high Commission and a falling rate of translation. He also says that the network bandwidth is limited by the “block size” — memory that stores transaction records. Because of this cryptocurrency illiquid and the investments in it become too risky.

At the same time, the investor refused to cryptocurrencies in General and Bitcoin Cash.

As writes the edition, the Commission charges for transactions in bitcoins doubles every three months. In this case, the confirmation of one operation on average requires 4.5 hours.

Company manages one of the largest industry sites and provides tools for investment in bitcoin. On the resources of the company registered more than 500 thousand cryptanalytic wallets.

Note that to date, the cost of bitcoin has exceeded 20 thousand dollars. As a result, in 2017 the cost of the most popular cryptanalytic has increased 20 times. Total market capitalization, according to the portal, is over 335 billion dollars.