2 Brainless Billionaire Owned Cryptocurrencies to Buy Right Now

Cryptocurrencies have made countless new millionaires in recent years, but it hasn’t always been a smooth ride. While some cryptocurrencies have increased in value, others have been completely wiped out. How can you stack the odds in your favor? Be careful what billionaires are betting on.

Looking for the best billionaire-backed cryptocurrencies? The next two choices are for you.

Don’t be afraid to bet on this classic cryptocurrency

The crypto movement started in the early days of 2009 with the launch Bitcoin (BTC 4.13%). It was a volatile start. The world was still in the midst of a global financial crisis and few people had ever heard of cryptocurrencies. Back then, the value of Bitcoin was minuscule. The first recorded Bitcoin transaction was months away, when users of an online forum exchanged 5,050 Bitcoins for $5.02. The default price was only $0.00099 per Bitcoin.

Today, a single Bitcoin is worth almost $60,000. Suffice it to say, it was one of the best investments ever. But don’t think it’s too late to get involved. One of the original investment theses for Bitcoin was its utility as a store of value. Gold, for example, has limited industrial uses. However, the estimated market capitalization for gold is around $18 billion. That’s because it’s seen as a store of value, something that can retain its social value even outside the current economic paradigm. Bitcoin has the same potential, and despite its massive growth, the total market cap for Bitcoin is still only $1.1 billion. Therefore, to match the value of gold, the cryptocurrency would have to increase more than 15 times. And this doesn’t take into account any of the value that Bitcoin can bring to the broader crypto ecosystem.

It should come as no surprise that Bitcoin probably has more billionaires betting on its long-term future than any other cryptocurrency. Jack Dorsey, Bill Miller, Tim Draper, Paul Tudor Jones, the Winklevoss twins — these are just a few of the billionaires reported to own Bitcoin. If you want to bet on cryptocurrencies, don’t be shy to bet on the original. You’ll have more than a dozen billionaires betting alongside you.

But there is another classic cryptocurrency with an even longer potential upside in the long run.

Bitcoin Price Data by YCharts

This option could have even more advantages in the long run

Bitcoin has a lot of long-term potential when it comes to its ability to serve as a store of value like gold. And while it has an important place in the broader crypto ecosystem, it’s unclear how far it can penetrate the traditional banking system. If you want to bet on crypto’s ability to transform our current financial system, your best bet might be XRP (XRP 2.06%)a symbol designed specifically for use by global financial institutions.

What is XRP? It is designed as a means for large banks to facilitate international transfers quickly, transparently and at minimal cost. The current system requires tons of paperwork, oversight, and administrative work. This creates processing delays and costly expenses, even for small transfers. XRP runs on a digital payment platform called RippleNet, which can process an international bank transfer of any size for money — all in seconds. If widely adopted, crypto would greatly improve the efficiency and accuracy of the international money transfer market, which is valued in the trillions of dollars a year.

Now with a market cap of $32 billion, RippleNet’s parent company, Ripple, has turned its co-founders into billionaires. But many other billionaires are invested through a long list of venture capital bakers, including Andreessen Horowitz and Google Ventures. If you want to bet on crypto transforming our financial system, you’ll have a good company investing in XRP.