Ripple (XRP) and 4 Other Coins Buffet Would Buy

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.

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.

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.

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.