In a recent interview with CNBC's fast money, Litecoin founder Mr Charlie Lee said that he has faith that Crypto market will recover soon.
As per details, Mr Charlie Lee expressed his views about recent attack on South Korea's largest Crypto exchange and how it affects Crypto investors. He said that traders are actually fearful about security of their investment however it does not reflect a flaw in the Cryptocurrencies. He also reflected that "we are early in the Crypto time frame and with the passage of time, we are getting better and better but we need to improve more".
He further pondered that, Crypto trading is actually trading of digital assets in which investor himself is responsible for the security of his tokens on an exchange. He was satisfied about Bitcoin and Litecoin as over the past few years both digital currencies have gone stronger and stronger. Due to presently bear market, all Cryptocurrencies are down by 60-70% but it will start uptrend soon as bitcoin is backed by real time demand and not fake demand.
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