Alright, so today we are doing an analysis
of Litecoin. We’re gonna try to calculate the intrinsic
value of Litecoin. This is the price of Litecoin. Whoa! The price of Litecoin has gone from around
$4 to over $10. Any why has the price gone up so much? It’s all because of Segregated Witness. See, Segregated Witness is a change to how
blocks are structured, that is trying to make the whole system more scalable. There is a debate in bitcoin right now on
whether to go with SegWit. And people are thinking we can test it out
on litecoin and see how it works out. So, for SegWit to be activated on Litecoin
we need 75% of miners to be signalling for at least two weeks in favor of SegWit. And right now we’re at 79.4%, so if we stay
at this level long enough it will be passed. Pay no attention to the miners on twitter
that are saying “oh, yeah we’re gonna do it” “Oh no we’re not going to do it”, these people
are just trying to manipulate the market. Listen, litecoin is going to get added to
coinbase. And it’s going to get added more exchanges
in the near future. And there’s the thing: the reason that we’re
doing this update it to test out SegWit. People are going to be looking at it closer
and that’s going to drive up demand. Honestly guys, the best short-term play in
terms of cyptocurrency, I’m thinking, is Litecoin. But if you guys buy Litecoin and it goes down
for some reason, don’t blame me okay? You need to look into it. Decide if the risks fit with your philosophy. So based on all the available information
I’m giving Litecoin an intrinsic value of $20. And I’m predicting the price of litecoin after
SegWit passes, give it a month or two, it’s going to be at or above $20. I’m predicting. Also, I want to give a shout-out to all the
homies on Xavier’s Discord, thanks for all the good times!