Charlie Lee: ‘I Thought Litecoin Was Going to Hit $1,000’

Charlie Lee can’t seem to shake his reputation for offloading his Litecoin holdings near the peak. The Litecoin creator was
featured in a podcast with Morgan Creek Digital Partner Anthony Pompliano where he fielded some tough questions both about
his LTC portfolio and the state of the crypto industry. Something that you might not know is when Charlie decided to sell his
Litecoins when the cryptocurrency was trading at approximately $300 he expected the price to go much higher. He said on the
podcast:

“I actually personally did think it was going to keep going up. I didn’t think that was the peak…I thought it was going to hit
$1,000.”

The Litecoin price is currently hovering at $73, more than double where it was trading at the beginning of the year. Still, it’s a far
cry from the $1,000 level that he expected during the bull run of 2017. Some of the things that he’s working on that could
influence value is adding fungibility features to Litecoin to make it more private and ultimately more scalable. They are using a
technology called Mimblewimble to make Litecoin more fungible so that “every [Litecoin] is equal to every other [Litecoin].”

Reference: https://www.ccn.com/charlie-lee-i-thought-litecoin-was-going-to-hit-1000

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