Bitcoin

Here is how the Bitcoin (BTC) future looks to Litecoin (LTC) creator

from The Bitcoin News 5 years ago 0 0 861

Litecoin’s founder, Charlie Lee has always expressed his support for Bitcoin (BTC) and he has always pushed people to purchase BTC than any other cryptocurrency. However, Lee, in a recent interview with CNBC talked on what he sees on Bitcoin’s crash and the Litecoin buying motives in the coming days.

During the interview, a question was put forward to Lee on what he foresees with Bitcoin (BTC); if it is going to attain its all-time highs anytime soon. Lee answered by saying:

The current price of cryptocurrencies especially Bitcoin hasn’t been favorable (yes, we’ve seen some ‘green days’ just recently). But still, most people really ponder what the current price really implies. On that, Charlie answered:

Lee’s statements are true and as we have seen, the market has been volatile. It is important to know that the market has been low since the beginning of this year, 2018. We shouldn’t forget that Bitcoin (BTC) further dipped down as a result of SEC’s rejection concerning Winklevoss twins’ Bitcoin ETF. Additionally, SEC also rejected nine Bitcoin proposals last week; such factors have also contributed to the market value and trends.

Charlie Lee sold most of his Litecoins and during an interview last month, Lee said that it took two weeks for him to contemplate on his decision to sell his Litecoin holdings. He added that the two weeks gave him the opportunity to ponder on the growth of Litecoin.

It is important to add that Lee’s statements removed lots of critics concerning the sale of his Litecoins. He said this further:

And now, in the interview with CNBC, Lee said that he doesn’t have any intentions to purchase his Litecoins back anytime soon. Lee’s words were,

He also shared his thoughts on the decrease in the value of crypto and if this is the best time to buy cryptocurrencies. Lee states,

So, it is evident from the Litecoin creator’s thoughts (and he is a crypto expert, isn’t he?) that Bitcoin is bound to succeed in the long-run. If you believe in crypto, do not think short-term, be a long-race horse to increase your chances of success.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

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