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Charlie Lee Created The Crypto That Powers Dogecoin, But Recently Confessed It Was A 'Headache' — He Wished He Did This Instead - LTC Properties (NYSE:LTC)
Benzinga· 2025-10-18 16:02
Core Insights - Litecoin (LTC) may soon debut an exchange-traded fund (ETF) on Wall Street, but its creator Charlie Lee expressed regret over the process, describing it as a "headache" [1] - Lee advised that individuals should focus solely on buying Bitcoin and holding it without engaging in other crypto activities [2] - The original intention behind creating Litecoin was to serve as a "silver" counterpart to Bitcoin's "gold," emphasizing its utility for everyday transactions due to faster processing and lower fees [4] Industry Developments - Litecoin has evolved into a speculative investment tool with a market capitalization exceeding $7 billion, and major asset managers have filed for LTC ETFs, aligning it with Bitcoin and Ethereum [5] - Litecoin is recognized as the most utilized cryptocurrency for transactions, accounting for over 30% of the market share in August, according to BitPay [4] Market Performance - As of the latest data, Litecoin was trading at $2.97, reflecting a 3.85% increase in the last 24 hours, while it has seen a year-to-date decline of 8.68% [6]
