Bitcoinist.com
Bitcoin
$6385.82
-0.11%
SHARETWEETSEND
NEWS
XRP IS A SECURITY, LITECOIN HAS ‘NO REASON TO EXIST,’ ETHEREUM IS THE BEST — SAYS MULTICOIN CAPITAL
ADAM JAMES · @SHASDAM | JUN 30, 2018 | 09:00
Multicoin Capital, an Austin-based crypto hedge fund backed by Andreessen Horowitz’s Marc Andreessen and Chris Dixon, Union Square Ventures and other VCs, is long on EOS (EOS) and Ethereum (ETH) — but bearish on Litecoin (LTC) and Ripple (XRP).
EOS LAUNCH ‘HASN’T GONE AS BADLY AS I THINK PEOPLE SAY’
Multicoin cofounder Kyle Samani told Fortune‘s “Balancing the Ledger” that his company is sticking with EOS, despite the negativity surrounding its mainnet launch. He explained:
For now we are holding our position, we haven’t sold any. The EOS launch did not go as smoothly as we were hoping it would. All things considered, actually it hasn’t gone as badly as I think people say. […] I concur that it wasn’t as good as it should have been given the resources they had, so they made some mistakes, and slipped up. But on a long-term time horizon those are rounding errors, they don’t really matter.
