Charlie Lee, the founder of Litecoin, has recently spoken to the Chinese media Jinse.com and he addressed some of his thoughts regarding Bitcoin, Litecoin, and XRP.
Ethereum World News reported that Lee refers to Bitcoin as Gold, Litecoin and Silver and XRP as Diamond.
Lee had a lot of controversial arguments just like always, and he is popular for being criticised for his movement within Litecoin.
Other than this, he is a down to Earth kind of person, the kind of crypto celebrity a lot of investors could learn from.
Lee is not a financial advisor, and this means that his words should not be taken as investment advice, but instead, they should only be used to add to your own research.
Lee on Bitcoin, Litecoin and Ripple’s XRP
So, according to Ethereum World News, here’s what Lee had to say.
Lee refers to Bitcoin as the digital version of Gold and says that “Bitcoin doesn’t need to face storage problems; it’s also very convenient to transfer. For me, he is better than gold in many places. If you are more optimistic, the market value of Bitcoin may be more than the 10 trillion market value of gold. More than 100 times the upside.”
As we said, he’s also referring to Litecoin as Silver which is a faster but still less traded version of gold that can compliment it.
He said that for the moment, the user base of Bitcoin and Litecoin is quite close.
Regarding XRP, Lee sees it as Diamond because it is centralized, but it still promises to grow in the future.
“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!” he said.