Investors hedging Bitcoin assets in DASH due to scalability issues

Alexander Kuptsikevich, financial analyst at FxPro, told about the current situation on the cryptocurrency market to Bitnewstoday. According to him, many cryptocurrency fans ignore one obvious flaw of Bitcoin: transactions. The number of unapproved transactions, by his estimation, is around 200,000, and this obviously means the system has scalability issues. This is when the arguments of Bitcoin Cash supporters become more plausible.

The collapse might happen due to this scalability issue, and those who are aware of this problem already convert assets into DASH, which, as Mr. Kuprsikevich notes, does not have problems so big. During this month, the growth of DASH was +53%, from $341 to $724.

The financial analyst also tells that this current Bitcoin futures launch is similar to the run-through and the real business processes are bound to start after the launch of CME’s platform.

Meanwhile in fiat sector, the blockchain technology still feels pretty well. According to Reuters, the French authorities decided to back the blockchain structure for trading unlisted securities, and Deutsche Bank, extremely conservative towards cryptocurrency, offers to focus less on coins and more on chains.