Ran NeuNer of CNBC Africa caught up with the founder of Litecoin, Charlie Lee at Consensus 2018 to discuss his personal portfolio as well as why he sold the majority of his Litecoin.
In the interview conducted by CNBC Africa's Crypto Trader, Ran Neuner, Charlie Lee is asked why he sold the majority of his Litecoin at the top.
Lee makes a good point following up with the fact that by tweeting anything positive or negative about Litecoin, he indirectly could manipuluate the price as he has a huge Twitter following. He mentions he didn't want to be seen as helping himself financially instead of helping the project. The idea of selling the majority of his Litecoin allows him to focus on the project and not be involved in the coins price whatsoever.
Lee also mentioned that while he is financially secure now, the goal is not financially driven and because he sold off most of his Litecoin he can now focus on Litecoin and ensuring the success of his legacy with Litecoin.
Ran continues to ask Charlie what his crypto portfolio looks like and Charlie mentions he only has Bitcoin and Litecoin in his portfolio stating "I kind of want to focus on the core bitcoin and litecoin"
While everyone probably expects the founder of Litecoin to be more diverse is is crypto portfolio he does also mention that he "buys cool projects"
Ran's consensus episode can be found below: