Ben Carlson, Ritholtz Wealth Management: current Litecoin growth irrational

Litecoin surges up, and investors who put their money during it cost $20 per coin are becoming happier and happier. But Benjamin Carlson, director of institutional asset management at Ritholtz Wealth Management and the author of "Organizational Alpha: How to Add Value in Institutional Asset Management" decided to write an op-ed for one of the respected financial outlets on the matter, in which he tells that the current growth is irrational.

He tells that current investors in Litecoin are not seeing the obvious mistake they are making: it’s the overall price and quality of asset should concern them, not the share price. As an example, he compares Berkshire Hathaway (in case you didn’t know, headed by Warren Buffett) and Facebook, which both have almost the same market capitalization but different stock prices due to available number of shares. He doesn’t say it, but this might mean that the main advantage of Bitcoin in comparison with Ethereum is its limited money supply.

All in all, his article offers a calm view on the cryptocurrency market, without blunt statements on frauds or immature cryptocurrency investors. He even provides links to insights on market behaviour made in Cambridge. As the cryptocurrency market will mature, so will the articles on its behavior.