LTC is a 100 Bagger From Here: $5000+

You read that right. LTC is going to cross $5000, a 100 fold increase from this point here.

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This post is a result of a couple posts @davebrewer put up and the conversations that followed. These two articles really got me thinking about the relationship of coins and the potential for Litecoin. I highly suggest you check out what he posted.

https://steemit.com/steem/@davebrewer/steem-to-usd10-usd-this-is-the-wrong-question-to-ask-or-even-think-about

https://steemit.com/litecoin/@davebrewer/ltc-price-will-be-back-to-usd80-for-a-60-return-within-6-months-or-maybe-within-6-weeks

As I pondered the situation with coins and their pricing, I was confronted with the fact as to where is money best placed? Obviously, BTC is the granddaddy of them all; a coin I think will grow exponentially over the next few years. Many out there believe the same way as evidenced by their defense of BTC after Jamie Dimon slammed it last week. Calls for a price of BTC of $100K, $500K, and even $1M are made on a regular basis by very knowledgeable people.

So what makes me think that a huge rise in LTC will also take place. My answer is simple: Charlie Lee. He is the reason why LTC will be worth a fortune and everyone holding that coin will make out well.

I am sure it is easy to conclude this is another pie-in-the-sky post. However, there is sound reasoning for my optimism and it is Lee himself. He set out a goal for LTC to be the silver to BTC being the gold. He is well aware of the limitation of BTC in terms of being able to handle micropayments. In fact, this was something that he latched onto very early on. The past 6 years witnessed him (and his team) to create a system that is faster and better designed to fill in the role of micropayments. This is what separates it from the rest.

Lee is, in my opinion, one of those guys who has the remarkable ability to take a vision that nobody else has and implement it. He sees what others miss while bringing it to fruition. These are the types who become legendary in what they accomplish. Two names I put in the same category are Steve Jobs and Elon Musk. Lee is the next one in line to move into that realm.

Since the vision was always long-term in focus with the intention of filling an exact, albeit huge, niche, we see some remarkable accomplishments thus far. Here is a list of what is in place or planned for implementation over the next couple of years.

-Segwit
-Lightening
-Atomic Swaps (this is a major game changer and Lee is all over it)
-Vaults (security will allow crypto to go mainstream)

The world is going digital. This is a fact, nobody can deny. As we conduct more commerce in the digital realm, it is digital currencies that will be used. While I acknowledge that fiat currency is already mostly digital since few use physical cash, there are drawbacks to it. The first is exchange rates. Secondly, there are charges for third party verification from the likes of Visa. Finally, the money supple can be expanded/contracted simply with a decision by the central banks. None of this exists with LTC.

Amazon, which is just one company in the world economy, had sales of almost $150B in the last 12 months ending in June. Since all their orders are online, they paid 1%-2% to a third party on almost every dollar they took in ($15M-$30M). Since they are starting to operate globally, they are being confronted with exchange rates affecting operations. Forex is a huge market where commissions and spreads are common. It is also a very costly environment to move money around. Hence, a digital currency with low fees is very attractive to Amazon.

$5000 LTC will put its market cap at $400B, a healthy sum. However, the 2017 world GDP is estimated to come in at around $80 TRILLION. So I ask you, how much is money worth especially when it has a market cap of less than 1% of the entire world economy?

If less than 1% of global GDP isnt unreasonable for money, then the only remaining question is does Lee pull off what he intends? Will he be the micropayment currency of the future?

Here is my proclamation: He pulls it off, you will have $5000 LTC.

Please let me know what you think of this...do you agree or disagree?

@florida