The crypto market started 2020 on a very good note. Most of the major coins ended the first month of the year in green. One coin that made massive gains within the first month of the year was Litecoin (LTC). It ended up surging above the $60 mark.

The creator of Litecoin, Charlie Lee, was recently interviewed on YouTube by the Crypto Lark, about developments going on within the protocol. Lee was asked what the biggest competitors for Litecoin were. Without any hesitation, he replied that it was fiat currencies.

According to Lee, cryptocurrencies are all in it together to be a better form of money than the US Dollar or any other fiat currencies out there. He added that, though cryptocurrencies are a better form of money, it will take time before they win that war.

Lee went further to comment on how crypto assets were attacking themselves, rather than the actual rival, which to him, is fiat money. He claimed that, crypto assets can be worth like billions of dollars, but if the world does not use them like it uses fiat money, they will be useless.