In a recent interview with Jinse.com, Charlie Lee, founder of Litecoin, discussed his thoughts regarding Bitcoin (BTC), Litecoin (LTC), and Ripple (XRP). During his discussion Lee referred to Bitcoin as Gold, Litecoin as Silver and Ripple as Diamond.
Lee, aside from being the creator of Litecoin, is easily one of the most respected personalities in cryptocurrency. His incredible knowledge about blockchain technology and cryptocurrency is what led to the creation of Litecoin back in 2011.
Lee referred to Bitcoin as the digital Gold saying, “Bitcoin doesn’t need to face storage problems; it’s also very convenient to transfer…If you are more optimistic, the market value of Bitcoin may be more than the $10 trillion market value of gold.”
Lee then discussed Litecoin, referring to it as Silver, a faster but slightly less traded version of gold that can still complement it. Finally, Lee discussed Ripple. To Lee, Ripple is Diamond, simply because it is highly centralized but still promises to grow in the future.
News of this nature is important as Lee is an expert in his field. In contributing to some unbiased debate, we can see how Lee views the current markets. Through this, we can gain a better understanding of what he believes will happen in the future.