The Creator of Litecoin Charlie Lee advised the members of the community in the beginning to buy at least 1 BTC and then invest in altcoins. He stressed that this rule applies to Litecoin.

There will be at most 21 million bitcoins in existence. There isn’t even enough BTC to go around for EVERY millionaire to own one. So before you buy any other coin (LTC included), try to own at least 1 BTC first. 🥅

Once you have 1 BTC, buy all the shitcoins you want! 😂

— Charlie Lee [LTC⚡] (@SatoshiLite) 17 Jul 2018

“The world will be only 21 million BTC. This is not enough even to every millionaire owned at least one. Try to buy 1 BTC to buy other coins (including Litecoin). As soon as you have on hand is 1 BTC, buy any chidoni that pleases”, — said Lee.

Some time after the publication of the first price of bitcoin has crossed the psychological mark of $7,000 and continued to rise, almost touching $7500 on a bitcoin exchange Kraken.

This is what happens when my followers all buy 1 BTC. 😜

— Charlie Lee [LTC⚡] (@SatoshiLite) 17 Jul 2018

“That’s what happens when each of my subscriber buys 1 BTC” — so Whether jokingly commented on the steady recovery of the market.

Previously Litecoin Foundation has received a 9.9 percent stake in the German WEG Bank AG from the company TokenPay on account of payment of technical support and implementation of crypto-currency payments for clients.

Later Charlie said that Litecoin Foundation bought a stake in a Bank, as misunderstood by many members of the community, and it gained it in the form of payment. Note that it also intends to enter into Board of Directors of WEG Bank.

I posted some clarifications on the @LTCFoundation and @tokenpay partnership on reddit. Sorry for the wall of text! If you have any questions, please ask on reddit.

— Charlie Lee [LTC⚡] (@SatoshiLite) 17 Jul 2018

The Creator of Litecoin added that the banking license will help Litecoin Foundation to promote cryptocurrency solutions such as debit card processing for merchants and other innovations. Lee promised to influence the implementation and development of new financial technologies, as a member of the Board of Directors.

He also warned that if you fail to use the opportunities of the Bank for the development of cryptocurrency technology, Litecoin Foundation at least earn the money that allowed for the achievement of its mission.

At the same time, he believes, is the failure of the partnership with the Bank will never harm the functioning of the network of Litecoin, though certain entail reputational damage for non-commercial organization and its main representatives, including Lee.

“No Litecoin Foundation nor I personally have never owned and do not intend to purchase tokens TPAY” — said the Creator of Litecoin.

Recall the first time about a possible collaboration between Charlie Lee and TokenPay firm became known in late April.