A grand event took place in London between 19-26 January 2018, called Blockchain Week London. Numerous important personalities from this sphere of technology were present in the heart of Great Britain these days.
The Blockchain Week London is a specific event that includes challenges (like Hackathon), conferences, exhibitions and workshops related to blockchain development.
One of the persons involved in cryptocurrency development that was present at BWL was the founder of BTCC exchange platform. He mentioned that he trusts only four cryptocurrencies. The CEO Bobby Lee has attracted the public’s attention by stating the fact that he is skeptical about altcoins usage. He made a remark regarding the most appreciated digital currencies by him. These are: Bitcoin, Litecoin, Ethereum and Bitcoin Cash.
Bobby Lee said in his presentation that “Unfortunately I’m very conservative, I’m very old school. I don’t touch altcoins, I don’t touch ICOs. It’s just too risky. It just doesn’t make sense to invest in those guys. Maybe I’ll change my mind next month, next year, I don’t know”, quoted Business Insider.
According to CoinMarketCap, there are 1.495 cryptocurrencies on the global marketplace. Many new ICOs are preparing to be launched in the future, because it is legal and there is no control on them. Perhaps the economies of the world will become unbalanced.
At the London Blockchain Week, Bobby Lee claimed that “I only recognize and endorse: Bitcoin, Litecoin, Ethereum, Bitcoin Cash. Anything outside of that basket I wouldn’t touch myself — I don’t touch myself, I wouldn’t touch myself, and I wouldn’t endorse or recommend for anyone else to touch”.
Also, he assures us about more ICOs’ scams in the future. Using cryptocurrencies can be beneficial, but can also be a beginning for negative consequences. Mr. Lee has proposed to the crowd the idea of introducing a regulation related to how digital currencies are used.
Do you support Bobby Lee’s opinion about his four appreciated cryptocurrencies?