Ripple (XRP) and 4 Other Coins Buffet Would Buy

Ripple (XRP) and 4 Other Coins Buffet Would Buy

Ripple (XRP) and 4 Other Coins Buffet Would Buy

[Photo: Buffet at a past event. Source: Fortune.com]

Warren Buffet has vehemently declared that he will never invest in Bitcoin and all Cryptocurrencies in general. He has said that all cryptocurrencies will most likely come to a bad ending. From such words, one can deduce that the Oracle Of Omaha has no excitement for the Crypto-Verse and what it offers.

According to this Fortune Magazine article, Buffet suggested he might find other ways of betting against Bitcoin. The Guru stock-picker said he’d be “glad to buy five-year put options on every one of the cryptocurrencies.” Put options can be a way for investors to bet against an asset, as they become more valuable as the underlying asset’s price falls.

This last statement had me wondering what coins Buffet would buy were he to have a change of heart about cryptocurrencies.

The following is a list of 5 coins that I think Buffet would not mind owning. Also included are my reasons for putting forward the coins.

1. Ripple (XRP)

Ripple is the most obvious coin for Buffet to get in with both feet RIGHT NOW!

Why?

Firstly, The CEO of Ripple, Brad Garlinghouse, seems to know what he is doing. Many have compared him to Amazon’s CEO, Jeff Bezos, for his visionary ideas and planning for the future. Such a comparison of Garlinghouse to Bezos could lead Buffet into believing in the vision of Ripple Labs, the parent company of XRP.

To add to the above, Ripple Labs has a list of partnerships with banks who want to use their various back end money transaction services to transact globally. This is in itself proof of concept and something Buffet would love to see on a Cryptocurrency. The weakness Bitcoin has is that it is simply a store of value. Warren Buffet likes to see a functioning product or service: something tangible like an iPhone or a Can of Soda. (He has invested in both Apple and Coca-Cola.)

The third reason why Buffet would buy Ripple is because of the current market correction going on. I have seen XRP trade for $0.98 on the 16th of this month; a figure I have not seen since mid December.

2. Ethereum (ETH)

Ethereum is slowly winning the hearts of users due to its lower transaction fees and faster transactions, with respect to those of Bitcoin. This has led to the coin jumping in value to a peak of around $1,345.

This is one reason Buffet would buy and hold Ethereum. There are plenty of people using it for transactions and this will lead in the appreciation of its value with time.

A second reason is the recent market correction. Ether is trading at $881 at the time of writing this. This is as cheap as you can get for Ether this year!

The third and final reason why Buffet would buy Ether, is because of…yes…you guessed it…management team.

The foundation team led by Vitelik Buterin has constantly delivered since the inception of the ICO in 2013. This is a good indicator of consistency and Buffet loves consistency.

3. TRON (TRX)

Another coin that I am sure the Oracle from Omaha would buy is Tron.

The first reason, which is now becoming a routine in this article, is the Management Team behind the coin. Tron has a excellent team led by Justin Sun who is rumored to be a protege of Jack Ma. To add to this, TRON has several major partnerships lined up for 2018.

The second reason TRON would be on Buffet’s mind is the current price. TRX has fallen to around $0.04 in the last two days. This would be a good time to buy and HODL for a few years. Who knows what TRX’s price will be in December?

The final reason TRX would interest Buffet is proof of concept. The TRON team has a very elaborate road map, with clear goals, for 2018 that are available on their website and twitter handle.

4. Stellar Lumens (XLM)

As with all the coins I have mentioned, XLM makes the list because of current low price and focused, albeit somewhat unknown, management team.

The only reason this coin would interest Buffet, is perhaps Stellar’s goal to be open source and help solve real life economic issues. When I read more and more about XLM, I get this idea that it wants the world to be a rosy place where everyone has equal rights in an efficient economic system. Its goal is to benefit all of mankind.

The above reason is why I think XLM will be in line with Buffet’s philanthropic nature and betterment of society. This is why he would buy the coin and maybe even donate a certain percentage of his purchase to charity.

5. Crypterium (CRPT)

Crypterium is the odd ball in the list!

Why?

Because it just finished its ICO and the Crypterium coins have not been distributed in any exchange. Only participants of the ICO have their coins safely held in an ERC20 compatible wallet.

If you have heard about Crypterium, you are my type of Crypto ninja!

If not, continue reading…

The ICO has been causing shockwaves on the internet and Crypto-Verse for it promises Crypto Currency Banking that has never been seen before. Crypterium, also run by a superstar management team, wants to make it easier for crypto-currency owners to purchase goods and service in a manner similar to using fiat money.

The team at Crypterium wants to develop a mobile app for payments; an App Store for cryptocurrency software solutions; Blockchain based loans; and point of sale systems that work like regular fiat cash register systems.

The simple reason that it wants to revolutionize banking might be in contrast to what Warren Buffet considers as traditional and stable, but the Oracle of Omaha once admitted that he was sold to the idea of Personal Computers by Bill Gates way back in 1991.

The two Billionaires met through a mutual friend and never thought they’d end up being best of buddies.

There is a chance that Warren could embrace Crypterium if it were presented to him in a ‘certain way’.

In summary, my whole arguement is based on the hypothetical situation that The Oracle of Omaha will one day embrace cryptocurrencies. The likelihood of this happening are slim but it is always good to dream and hope that cryptocurrencies will get a major endorsement from a Seasoned, Trusted, Financial Guru like Buffet.

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28 Comments

  • John

    XRP has reached the end of it’s meteoric arch. A private company, SETL, provides a superior product, no digital asset required which removes an unnecessary layer and risk, and has actual acceptance of the banking industry. There is no upside for any bank to choose Ripple or XRP if the other option is SETL, which can handle far more transactions per second (20,000 +).

    8 months ago
    Reply
  • John

    Many of the negative responses in here are the epitome of no imagination or intuition. The author is OBVIOUSLY citing characteristics of particular cryptos that would appeal to Buffet’s traditional ideals of value IF he “were to have a change of mind about cryptocurrency”. It’s a fairly well put together hypothetical thought experiment.

    8 months ago
    Reply
    • John P. Njui

      Thank you for seeing the creative side to this article. Much appreciated.

      8 months ago
      Reply
  • mtthwcornacchia

    Everyone check out corncrypto.com, for cheap Ethereum/Zcash/etc.. mining rigs. 110+ MH/S Ethereum 1 week mining contracts for $50 USD!! The Price of ethereum is going up, so that $50 investment could be worth $100 soon! We also have mining rigs for sale! Best components GUARANTEED!

    8 months ago
    Reply
  • langois

    Tron??? they dont even have a working product yet

    8 months ago
    Reply
  • Julian B Dinkins

    Sorry your coin didn’t make this guy’s list. So many of you are mindless FUD rats. Go over to Github and take a look at what tron is doing. You keep thinking transaction value while ignoring environment value. That is where tron will rock the crypt world.

    8 months ago
    Reply
  • Misrata

    Buffet will never buy cryptos as he doesn’t understand it. However, the guy owning such a portfolio of cryptos will never be called the “Buffet of cryptos” !

    9 months ago
    Reply
  • analyyz

    These are exactly the type of coins not to buy: The coins that type of investor tells you to buy.
    If Buffet ( or other big classical investors tells to buy ), it’s to make profit and that he needs YOU to give him YOUR money. If they make it public for the small investor, it’s too late for the small investor.
    Better to invest in an “Alt coin” with potential (and ethic), like Einsteinium or Linda, or focused on a specific credible goal, like Amsterdam-coin.
    There are more criteria to filtering, but the criteria mentioned above are mandatory.

    9 months ago
    Reply
  • Jaan Hurditch

    Tron is a plagiarised garbage coin. https://hackernoon.com/trons-whitepaper-is-copied-plagiarized-cefce74335ce

    Crypterium and a few of the others have merit but you should definitely dig a little deeper before saying buffet would buy them.

    9 months ago
    Reply
  • Cogepan

    Tron alot of hype but no solid product yet.

    9 months ago
    Reply
  • Viet Nguyen

    You say what coins Buffet “would” buy but have no quote to back this claim.

    9 months ago
    Reply
  • Jonny

    These are the coins YOU think Warren Buffet would buy. He might buy something else

    9 months ago
    Reply
  • Finn

    Crypterium!!!

    9 months ago
    Reply
    • John P. Njui

      Absolutely Super!!!!

      9 months ago
      Reply
  • Sivakrishna Vangala

    Can see this as sponsored by crypterium and Tron.

    9 months ago
    Reply
    • John P. Njui

      Not really…I might be a dude who has a wild imagination.

      9 months ago
      Reply
  • Peter

    clickbait.

    9 months ago
    Reply
    • John P. Njui

      🙂

      9 months ago
      Reply
  • biga281

    how do you know what Buffet is thinking…..

    9 months ago
    Reply
    • John P. Njui

      I am trying to think as he does through the little I know about him…usually through articles, youtube and interviews I have watched.

      9 months ago
      Reply
  • Thriller Podcast (@ThrillerPodcast)

    We did a podcast on TRON this week, https://soundcloud.com/user-943750262/episode-60-justin-sun-the-rise-of-tron

    9 months ago
    Reply
    • John P. Njui

      Thank you brother. Let me listen to it.

      9 months ago
      Reply
  • erickbandeltriess

    Great Article

    9 months ago
    Reply
    • John P. Njui

      Thank you, brother!

      9 months ago
      Reply
  • Fan

    I agree with everything except Tron. Do some background check, Tron TRX doesn’t pass a lot of test especially Justin Sun.

    9 months ago
    Reply
    • John P. Njui

      TRON is also 50:50 with me…but it has potential. I have a gut feeling about it.

      9 months ago
      Reply
    • John P. Njui

      Well, I am a bit optimistic about the project. I could be wrong. This is the beauty of Finance and Investing. Only time will tell.

      9 months ago
      Reply
    • John P. Njui

      Crypto is a leap of faith.

      9 months ago
      Reply