Billionaire Mike Novogratz says to sell Litecoin and buy Bitcoin

Mike Novogratz, the founder of Galaxy Digital and a well-known Bitcoin (BTC) proponent, has made further comments indicating his bullishness for the market’s number 1 digital asset and its “digital silver” equivalent, Litecoin (LTC).

Michael Novogratz

@novogratz

Gold has an $8.5 trillion dollar market cap. Silver is $15bn That is .17%. has a $90bn mkt cap. is $5.7bn which is 6.4% of . Silver is at least useful for industrial production. is a glorified test net for . I don’t get this rally. Sell buy .

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Tweeting that “Litecoin is a glorified testnet for Bitcoin”, Novogratz doesn’t understand the price spike which Litecoin has also seen in recent times.

Of course, the founder of Litecoin, Charlie Lee, who also frequently takes to Twitter to offer his opinions on the space, countered Novogratz’s remark by saying that there was plenty of use for the token and referred to upcoming features that would give it increased utility…

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