Im on litecoin for months now and learning that the founder does this is not a good sign. It isnt a conflict of interest when you holding something you made, for the purpose to show that you believe on it. But this action makes me question if he does it for supporting a new altcoin then there is something happening behind it and that is a bad move.
What I don't understand is how gullible people can be. They take 2 inputs of information:
one of which is a glaring red flag (he divested his fortune into 100% non-litecoin assets)
he gives a stated reason which is plausible and thoroughly a
PR move to say the least!
He probably had a mental pricepoint where he told himself that "if litecoin ever surpasses X dollars, I'd have enough financial freedom to do this checklist of things and still be rich afterwards."
Also he avoids the fate of SO MANY the dotcom millionaires who had significant wealth in a single asset class, which may have later been worth nothing. The guy is smart. He is an engineer who was HIRED BY GOOGLE and I can tell you that engineers are methodical/calculating in their thinking.
His rosy language is the giveaway that
he's not being honest in his actual reason for selling.