Abra CEO prefers Litecoin over Bitcoin

Bill Barhydt noted that Bitcoin is the best investment asset but Litecoin is much better in terms of technological advancement.

Abra is a crypto borrowing, lending, and trading platform. Bill Barhydt is the chief executive officer of this Crypto platform. In short, Abra is a Crypto Bank for crypto Investors where investors can use their crypto assets as collateral to borrow funds on the platform.

On 3 Jan 2023, Bill took to Twitter to praise Litecoin and said that Litecoin is a decentralised P2P crypto network, which has been active for 10 years without any interruption.

“Litecoin is the only decentralised p2p payment system with 10 years of uninterrupted uptime. (#Bitcoin will get there in 2023.),” Abra CEO said.

   

 

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Further, he added that he uses Bitcoin as the best investment asset but for Crypto transactions, he uses Litecoin as the best P2P crypto network.

https://twitter.com/billbarhydt/status/1610017736591282176?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener

In 2022, Litecoin completed 39 million transactions, and also network added 52 million new addresses, which was an achievement by any of the top 3 crypto assets.

https://twitter.com/litecoin/status/1609238092145393665?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener

https://twitter.com/litecoin/status/1608869100058738689?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener

At the time of writing this article, the price of the LTC, a native token of the Litecoin network, is $76.75 and this price is 40% higher than the last 90 days’ trade price.

Few analysts noted that Litecoin is showing significant upsides in the first quarter of 2023 and it may give 100% profit to the investors.

https://twitter.com/GalaxyTrading_/status/1609607854243336193?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener

Read also: Ripple’ Brad Garlinghouse optimistic about future Crypto regulation in the US

Abra CEO prefers Litecoin over Bitcoin

 

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