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Charlie Lee reveals why he sold his Litecoin; says BTC is gold, XRP is diamond


Litecoin founder, Charlie Lee in a recent interview shared his thoughts about cryptocurrencies – Bitcoin (BTC), Ripple’s XRP and Litecoin (LTC). He also revealed the reason why he sold his Litecoins (LTC). While speaking with Chinese website, Lee said that the decision to sell his Litecoins were more of a relief. He further added that he took the decision after contemplating it for almost two weeks. In fact, the step actually eliminated the biased opinions, giving him the chance to delve deep on the development of Litecoin. According to Lee, Bitcoin (BTC) can be said to be the only thing that’s close to gold in the crypto world. He further goes on to say that considering its massive adoption rate and its decent increase in price makes it valuable for people to store it. He believes Bitcoin will always be the "king of cryptocurrency". While speaking about Ripple’s XRP, he said that the extreme centralization of the coin makes him believe that it’s like a diamond in the crypto verse. According to him, centralization allows manipulation. He said, “There are many possibilities (of finding and altcoin to resemble value), but Ripple is somewhat like a diamond because its supply is also artificially controlled. And diamonds are actually advertising … If you want to buy a Ripple for marriage, it is very valuable, haha!”


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