Co-founder of bitcoin.com sells all his bitcoins

Baku. 19 December. REPORT.AZ/ Co-founder of Bitcoin.com Emil Oldenburg has sold all his bitcoins.

Report informs citing the Business Insider.

According to the information, he has sold all his bitcoins recently and switched to bitcoin cash. ”I would say an investment in bitcoin is right now the riskiest investment you can make. There’s an extremely high risk,” he says in an interview with Swedish tech site Breakit.

"When people realize how bitcoin works, they will start to sell”, E. Oldenburg added. While buying, selling or trading bitcoin is not an issue today, Oldenburg says, problems surface when bitcoin transactions are recorded on the blockchain, the digital ledger that records each transaction. There's only a limited amount of transactions per second you can make in the bitcoin network, which in part depends on the “block size” of the memory that store the transactions on the blockchain.

Moreover, lead times and fees associated with bitcoin transactions seem only to be increasing as new investors crowd the market in chase of quick returns.

Notably, Bitcoin.com wallet has hit 500,000 users recently and it is one of the largest web sites in crypto currency industry.