$500 of Litecoin in 2013 worth $150,000 today

$500 of Litecoin in 2013 worth $150,000 today

Litecoin is often called the ‘silver’ to Bitcoin’s gold, but if you had invested in Litecoin on 1st January 2013, you’d now have $150,000 in your pocket – a staggering five times more than you would have made holding Bitcoin over the same period.

The Forbes website ran an article admitting they had overlooked Litecoin in its review of best investments in 2013. They said:

Using the Forbes time travel machine, we went back to last January and dropped Benjamins on a slew of investments, including gold, Google and Bitcoin. We thought the best choice was Bitcoin, which was worth 50 times as much by year end, but we were wrong.

The alternative coin, created by ex-Google employee, Charlie Lee, in 2011, has quickly established itself as the second most important digital currency behind Bitcoin.

Lee designed Litecoin to overcome the perceived downsides of Bitcoin, but doesn’t expect it to replace Bitcoin.

“Litecoin versus Bitcoin is like Facebook versus Google Plus,” says Lee. “It would be hard for Plus to overtake Facebook. But if something catastrophic happens to Bitcoin, I could see Litecoin positioned to overtake it.”

If you want to get up to speed with how to get started safely in Litecoin, why to grab your copy of the Bitcoin & Litecoin Survival Guide.

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