5 Best Cryptocurrencies to Buy for Early Retirement

2. Ethereum

Ethereum is the second most popular and the second most expensive cryptocurrency on the market. It is placed second on our list of 10 best cryptocurrencies to buy for early retirement. It is a decentralized, open source blockchain initially released in 2015. It was developed by Vitalik Buterin, a Russian-Canadian computer programmer. Ethereum is often marketed as a more secure and environmentally-viable alternative to Bitcoin in the crypto world and several market analysts expect it to overtake Bitcoin in popularity in the coming years. 

Cryptocurrencies like Ethereum have exploded in value over the past few years as digital payment mechanisms, like those offered by Square, Inc. (NYSE: SQ), become more popular. Square, Inc. (NYSE: SQ) has invested over $400 million in crypto-related assets. 

At the end of the first quarter of 2021, 92 hedge funds in the database of Insider Monkey held stakes worth $9.2 billion in Square, Inc. (NYSE: SQ) , up from 89 the preceding quarter worth $8.8 billion.