Bitcoin co-Founder and also the chief Officer Emil Oldenburg has sold off all of his Bitcoins(BTC) and Cashed in on Bitcoin Cash i.e.BCH.
Oldenburg has said that"Investing in Bitcoin is right now a Risk"stated in his interview with Swedish Tech site Breakit.
He told that it takes 12-hour lead time to process transactions and the expensive transaction Fees as one of the signs that BTC may not have a good future ahead as a routine currency.Imagine you have to buy something from a store using BTC and now store has to wait for 12 hours before the customer's payment goes into their account.
Oldenburg also said that"No real change would take place since people are still running the "old" bitcoin network"
Bitcoin.com is considered the largest bitcoin website which has offered a variety of Bitcoin related services.But Oldenburg says their site has begun to move away from Bitcoin to more focus on BCH(Bitcoin Cash).BCH is a spinoff cryptocurrency of the original Bitcoin.
He believes BCH will become the digital currency for everyday use that people really are looking for.
He also stated that BCH as advantage over BTC as depend on their block size limit since BCH has 8-megabyte size while BTC has only 1-megabyte.It means the larger block size limit would lead to lower transacion fees and a more liquid investment.
Lets see how this will effect the BTC Market value.
