Bobby Lee, 'BTC Maximalist': Bitcoin's Value Is in the Eye of the Beholder

Recently at BlockShow Europe 2018, Cointelegraph got the chance to speak to Bobby Lee - co-founder of Chinese crypto exchange BTCC and a board member at the Bitcoin Foundation - about what he's been up to in the crypto space since BTCC shut down last fall.

the] Bitcoin ban, the ban of exchanges, the lack of licensing, the lack of regulation I think that's here to stay for the short term, but it's hard to say if that will get lifted any time soon.

Given all the knowledge about Bitcoin and crypto that I've accumulated over the last few years, I have a certain insider's perspective on the cryptocurrency.

MJ: Speaking of that, you've said in some interviews that one of the reasons why Bitcoin is not a bubble is because it has inherent utility.

Bitcoin is very, very useful as a form of payment for people who are separated by distance or by time.

Meaning that, if people want to send large or small amounts of money when they are geographically apart - usually long distances across time zones, across countries and jurisdictions - Bitcoin is a very efficient way to send value across, as long as both people value Bitcoin and understand that its market price varies.

If you think about it, Bitcoin investors - people like myself, and possibly you and others, who invest in Bitcoin - what we're really doing is we're saying,.

BL: I've said that many times, both in recent times and over the years, I'm a Bitcoin maximalist, I'd say.

The only four coins I have and hold are Bitcoin, Bitcoin Cash, Litecoin and Ethereum.

Very recently there was a celebration of Bitcoin Pizza Day.