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Litecoin CEO Not Worried About Bitcoin Cash Moving into Altcoin Scene: CNBC

Published 1 year ago by Joshua Althauser

Litecoin CEO Charlie Lee recently shared with CNBC his position in the controversial Bitcoin split. When asked about how Litecoin is playing into the mix, Lee said the split is not a big concern for Litecoin, but more towards the original Bitcoin. Meanwhile, with the advent of so many cryptocurrencies, Lee shared Litecoin advantage over the other virtual currencies out there. When asked as to why would someone choose Litecoin over Bitcoin and other digital currencies, Lee highlighted his brainchild’s efficiency over Bitcoin. While building an image for the Litecoin, Charlie Lee also acknowledged that Bitcoin is still considered the major virtual currency. While numerous digital currencies came out, he characterized Bitcoin, Litecoin and Ethereum as the top three cryptocurrencies are likely to emerge and could potentially someday be used as official currencies in the future. In his words, he categorized Bitcoin as the gold of digital currency whereas Litecoin as the silver. Despite still being considered an ‘altcoin’ a term used for alternative cryptocurrencies besides the more popular Bitcoin, Litecoin has been gaining traction recently with growing number of Litecoin ATMs popping up in Canada, UK and other countries as well as increasing number of exchanges listing it as a tradable cryptocurrency. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full
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