5 Best Cryptocurrencies to Buy for Early Retirement

4. Litecoin

Litecoin is one of the earliest Bitcoin spin-offs. It was launched in 2011 and is placed fourth on our list of 10 best cryptocurrencies to buy for early retirement. It is very similar to Bitcoin in many respects except transaction speeds, which are four times faster on the Litecoin network. Other differentiations from the parent coin include block generation time, hashing algorithm, and the maximum number of coins. Litecoin is also among the top cryptocurrencies in the world in terms of market capitalization. 

Litecoin was founded by Charlie Lee, a former employee at Alphabet Inc. (NASDAQ: GOOG), the California-based technology company. Alphabet Inc. (NASDAQ: GOOG) recently allowed cryptocurrency wallets to run advertisements through the Google platform in a major concession for crypto firms otherwise barred from marketing by top tech giants. 

Out of the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in Alphabet Inc. (NASDAQ: GOOG) with 2.9 million shares worth more than $6 billion.