Emil Oldenburg cashes out
The Swedish co-founder at CO of bitcoin.com is out of the crypto currency which he called "virtually unusable" in an interview with the local press (translated version).
Oldenburg has lived in Tokyo for the past three years where he's received his salary in Bitcoin. Now, he said slow transaction speeds and high transaction costs have made him look elsewhere.
It's not a huge surprise given that he founded the site with "Bitcoin Jesus" Roger Ver in 2015. Ver has thrown his clout behind Bitcoin Cash.
"An investment in bitcoin right now I would say is the most risky investment you can make. It is an extremely high risk. I've actually sold all my bitcoins recently and switched to bitcoin cash," he said.
"When I sold my BTC I had to pay 50 dollars and wait 12 hours for the transaction to go through because of this. It's completely unreasonable," he said.
His comments are likely why Bitcoin Cash jumped today.
Separately, Roger Ver did a Bitcion AMA earlier today: