Co-founder of Bitcoin.com has sold all of its bitcoins

Emil Oldenburg (right) and employees of the research company WizSec. Photos from the personal archive

Co-founder and CTO of one of the most famous specialized cryptocurrency sites Bitcoin.com Emil Oldenburg stated that he “recently” sold all his savings in bitcoins. According to him, Bitcoin is "as good as useless," writes Tjournal.

The Swedish entrepreneur (the last 3 of the year living in Tokyo) did not specify how much bitcoins he had, when he sold them and how much he saved. At the same time, he criticized Bitcoin, calling investments in it "the most risky investments that can be made."

According to Oldenburg, the main problems of Bitcoin are high commissions and delays in operations. “When people understand how Bitcoin works, they will start selling it,” he said.

According to the calculations Business Insider, transaction fees are doubled every 3 of a month, and an average of 4,5 hours is required to confirm a transaction. Now bitcoin is 18900 dollars, follows from the data of Coindesk.

Co-founder Bitcoin.com admitted that in the last 3 of the year, his entire salary was paid in bitcoins. Oldenburg explained that “it’s time to drop the risky cryptocurrency,” and switched to Bitcoin Cash - version of cryptocurrency, which appeared in August 2017 of the year. He named Bitcoin Cash the opposite of bitcoin and the “future.”

Earlier it was reported that the twin brothers Winklevoss, who at one time sued Zuckerberg for stealing ideas Facebook, steel the world's first bitcoin billionaires. They own 1% of this cryptocurrency.

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