Former Goldman Sachs partner and founder of the Galaxy Digital cryptocurrency bank, Mike Novograz, advises crypto enthusiasts to sell Litecoin and acquire Bitcoin (BTC).
Novograc has always argued that Bitcoin (BTC) occupies a special place in space. He said that Litecoin is the illustrious Bitcoin test network and, thus, does not seem to be something “useful” in the cryptocurrency space.
In his Twitter, Mike Novograc wrote the following:
Gold has a market capitalization of $ 8.5 trillion. Silver – $ 15 billion, this is 17% of the capitalization of gold. BTC has a market capitalization of $ 90 billion LTC – $ 5.7 billion, representing 6.4% of BTC.
Silver is at least useful for industrial production. And LTC is a renowned test network for BTC. I do not understand this rally. Sell LTC, buy BTC!
Novograz has always been an ardent supporter of the BTC. Do you agree with his opinion?
