Litecoin price should be at $10,000

AbbotAle · Jan 8, 2021

longshort said:
But yeah, since it's Bit"coin"
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You've only has 12 years to learn how to spell it

AbbotAle · Jan 9, 2021

Andre

Chamath makes the case for Bitcoin over all the others, including Litecoin in a quick 5 min clip.

Andre@Krypt0 · Jan 9, 2021

Good clip. Thanks for sharing.

misterkel · Jan 9, 2021

Andre@Krypt0 said:
The price of any asset must be based on the economic laws of supply and demand, anything else would be an inefficient market.

The total supply of BTC is 21,000,000 and the total supply of Litecoin will be 84,000,000. Bitcoin is approximately 1/4 the supply of coins of Litecoin.

Bitcoin price as of this writing is $40,000 and Litecoin is $170. If demand was in equilibrium the true market price of Litecoin should be around $10,000.

Once institutions do the math , this bet will be a no brainer. Bitcoin demand is generated from International buyers base. Litecoin, being more US centric, since created by ex-Google employee has not reached the same level of popularity or notoriety, once US financial institutions pick up on it, it will be off to the races.
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Litecoin price should be at $10,000

AbbotAle

AbbotAle

Andre@Krypt0

misterkel