The ex-partner of Goldman Sachs and the founder of the cryptobank Galaxy Digital M. Novograc advises crypto enthusiasts to sell Litecoin and buy Bitcoin (BTC). This was reported by the media.
It is worth noting that M. Novograc has always argued that Bitcoin (BTC) occupies a special place in space. He said that Litecoin is Bitcoin’s renowned test network and, therefore, does not seem to be “useful” in cryptospace.
M. Novograts wrote the following in his Twitter account: “Gold has a market capitalization of 8.5 trillion dollars. Silver – $ 15 billion, it is 17 percent of the capitalization of gold. BTC has a market capitalization of $ 90 billion. LTC is $ 5.7 billion, which is 6.4 percent 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! ”