Bitcoin.com preaches Bitcoin, and its founder sells out his Bitcoin

On the evening of December 19, Bitcoin suddenly fell in large volume, and fell again in the early morning of the 20th, with the maximum drop exceeding 16%; during the same period, Bitcoin Cash (BCH) led a number of Bitcoin competing coins to soar. As of the morning of the 20th, BCH had risen by more than 50%.

It is rumored that this round of Bitcoin plunge was affected by a piece of bad news - the foreign network reported on December 18 that the founder of "Bitcoin.com" sold all the Bitcoins he had.

Bitcoin.com, with the domain name "bitcoin.com", is one of the largest foreign-language Bitcoin websites in the world. With the surge in Bitcoin prices this year, Bitcoin.com has also seen tremendous growth. However, its co-founder and chief technology officer Emil Oldenburg said in an interview with a Swedish technology website: "Buying Bitcoin now is the riskiest investment you can make."

According to the webmaster, Bitcoin.com brings together almost all Bitcoin-related businesses.

At the same time, we are also making active efforts to educate and popularize Bitcoin users.

Oldenburg is not the first big shot to be bearish on Bitcoin, but as the founder of Bitcoin.com, he is a well-deserved "insider". His "consistent words and deeds" in being bearish on Bitcoin is still very eye-catching.

“When investors realize how Bitcoin works, they will start selling,” Oldenburg said. “I recently sold all my Bitcoin and switched to Bitcoin Cash.”

The main reason why Oldenburg is bearish on Bitcoin is the current high transaction fees and long transaction confirmation time of Bitcoin. In this way, he is already a staunch supporter of "big blocks". These supporters, led by mining pool bosses, believe that the Bitcoin development team, faced with transaction congestion and rising fees, insisted on "1M blocks + Lightning Network" among many expansion plans. This decision actually restricted the development of Bitcoin, and then called on everyone to support Bitcoin Cash with 8M blocks.

According to Oldenburg, Bitcoin.com is distancing itself from Bitcoin and has even stopped developing services around Bitcoin, focusing its main efforts on Bitcoin Cash.