The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Litecoin’s Charlie Lee on the Future of LTC, and How Bitcoin and Ripple Compare to Gold and Diamonds

by Daily Hodl Staff
July 25, 2018
in Altcoins

Litecoin founder Charlie Lee is opening up about the future of LTC and why he decided to sell all of his holdings late last year. At the time, Litecoin was the fifth largest cryptocurrency with a market cap of over $17 billion. Today, it is the eighth largest coin, and its market cap has fallen to just over $5 billion.

In a new interview with Chinese media outlet Golden Finance, Lee says it took him about two weeks to come to the  conclusion that he should sell his Litecoin. He says his conscience played a major role. Back when he was holding LTC, Lee says “it always felt a bit strange when I would publish predictions about the movement of the Litecoin market.” He says selling his shares gave him instant relief, and avoided any appearance of a conflict of interest.

Lee also touted Litecoin’s transaction speed advantage over Bitcoin, saying LTC is the faster and cheaper way to buy a cup of coffee. The future, he says, is centered on adoption and getting as many merchants as possible to accept the cryptocurrency.

In the end, Lee believes Bitcoin, with a current market cap of $141 billion, will always be the gold-standard king of crypto. He says it would be great if LTC could capture about 10% of Bitcoin’s market value and become the silver alternative to BTC.

As for the ultimate value of Bitcoin, Lee says it may become comparable to gold in the long run. “Bitcoin doesn’t face storage problems. It’s very easy to transfer. For me, it’s better than gold in many ways. Being optimistic, the market value of Bitcoin could be more than the $10 trillion market value of gold. More than 100 times the upside.”

[the_ad id="42537"] [the_ad id="42536"]

So if Bitcoin is the new gold and Litecoin is the new silver, is there a diamond in the world of cryptocurrency?

“There are many possibilities,” says Lee. “But Ripple is somewhat like a diamond, because its supply is artificially controlled.”

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Wall Street Ponke Launches with AI Tools, Learning Hub, and Over $300K Raised in Hours
    May 20, 2025
  • Reppo Launches World’s First Liquid Node Sale, Pioneering Decentralized Data Infrastructure
    May 20, 2025
  • BingX AI Evolution Begins: A $300M Vision to Build the Future of AI-Powered Crypto
    May 20, 2025
  • Imrat Group Gains Priority Access to New Product: Bybit Launches Direct Stock Trading via Tether Stablecoin
    May 20, 2025
  • THORChain Faces Legal Action Over $200 Million Collapse Amid Alleged Mismanagement and Insolvency
    May 19, 2025
  • Binance Alpha Is Changing the Web 3.0 Game
    May 16, 2025
  • NEXPACE Launches MapleStory N and NXPC Token, Charting a New Chapter for MapleStory Universe
    May 15, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$105,377.23
$105,377.23
0.47%
Ethereum
$2,477.05
$2,477.05
0.39%
BNB
$644.64
$644.64
0.09%
Solana
$166.19
$166.19
1.47%
XRP
$2.34
$2.34
0.28%

Spotlight

  • Crypto Trader Says Bitcoin on Cusp of Price Discovery Phase, Sees Ethereum Attacking December Highs
    May 13, 2025
  • Quant Analyst PlanB Says New Bitcoin All-Time High Incoming With Sky-High Price Target in Its Sights
    May 13, 2025
  • $1,100 Ethereum Could Be Coming Before Real Rally Kicks Off, According to Benjamin Cowen – Here’s Why
    May 13, 2025
  • Fake CAPTCHA Scam Targets Millions of University Students With Unknown Malware: Report
    May 13, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl