Charlie Lee
๐ค SpeakerAppearances Over Time
Podcast Appearances
Sure, definitely.
Well, I think Litecoin, the demand has always been there for people that want to buy Litecoin easily with fiat currencies.
So and after Coinbase added it, it was pretty clear that that was the right decision as Coinbase is now making money.
a lot of money from it, having large trade volumes.
And people really want to get their hands on Litecoin and be able to send it to others and use it as a wallet.
Well, a lot of people measure the health with the price of Litecoin.
So right now it's a little bit over $60.
um three billion dollar market cap but to me like the price doesn't matter because it's kind of just all speculation right now what matters is that litecoin is on pretty much all the exchanges all the bitcoin exchange cryptocurrency exchanges um and it's being used uh as a store value and as as payments so what's important to me is just more people using it as a currency okay and so how many total people are using it now today
It's pretty much impossible to figure that out.
Just kind of checking the pulse of people talking about it, seeing how many stores are accepting it.
Hard to tell.
I would say thousands.
Yeah, I mean, it's definitely not as much as Bitcoin, but it's getting there.
And I mean, I'm happy to kind of, this is like a long-term play, right?
It's not like you either make it or you die within a year.
So as long as we're around, we're being accepted in more and more places, I think we're on the right track.
Yeah, so the major difference is Litecoin is faster than Bitcoin in terms of transaction speed or block speed.
And there's more amount of Litecoin out there.
There's four times as many Litecoin units than Bitcoin.
Just having more, it's kind of the way, the analogy that I use, I've been using for years is Litecoin is silver to Bitcoin's gold.