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Blockfi article: Litecoin – a year without mining? Litecoin set for repurchase of 2% of total market cap from grayscale, potentially absorbing 7 months of mined LTC driving supply shock

Blockfi article: Litecoin – a year without mining? Litecoin set for repurchase of 2% of total market cap from grayscale, potentially absorbing 7 months of mined LTC driving supply shock



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13 Comments

  1. The article makes a faulty assumption: that investors will use the proceeds to buy LTC. If that proves false, then everything else built on that assumption is false as well.

    Given the evolution of the cryptosphere even over the last year, that’s a highly questionable assumption. There are a whole host of alternatives for those investors to re-invest that money, even assuming that they plan on keeping it in crypto in the first place.

    Given the extremely limited number of coins that BlockFi transacts in, they have a vested interest in keeping people invested in the coins they **DO** work with. This is a marketing ad disguised as hopium without any basis in fact.

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