Emil Oldenburg, Bitcoin.com co-founder, moves to Bitcoin Cash

One of the main arguments of Bitcoin Cash supporters is that transactions in this currency (arrived due to hard fork in summer this year) are faster than in Bitcoin. Emil Oldenburg from Bitcoin.com joins the ranks of critics of the original BTC, moving all his funds to BCH instead and telling how people don’t understand the basic problems of the old Bitcoin.

According to the reports which cite the Swedish website, Emil Oldenburg did not call Bitcoin Cash a real Bitcoin, but rather, he suggests that Bitcoin is the past and Bitcoin Cash is the future, and Bitcoin, in which he received his salary for three years, is too risky. “As good as useless”, says the co-founder of one of the most popular website about cryptocurrency.

His decision will undoubtedly influence the behavior of some investors, but we have yet to see if it really becomes a reason for the price reduction. Judging by the past year, some events can influence the price, and some cannot, even though the market sometimes awaits it. For example, there were fears that Bitcoin futures would reduce the price — and it did not happen. At the press time, Bitcoin costs $18,983, and Bitcoin Cash is $2,267 (Coinmarketcap data).