Introduction to the art of investing in cryptocurrencies
Maybe you’re sleeping and you wake up “billionaire” … it’s maybe a dream, which can turn into reality. The question that everyone ask, it is possible to become rich with ripple? The answer is, Yes,of course! Imagine if right now ripple (xrp) current value of $ 0.47,the second cryptocurrency after bitcoin, make a big jump and you will find its quote at $ 1000 for 1 coin. Try to think that if you invest $ 100 to buy 211 Ripple Coin,you can find yourself with an account of $ 200.000 Would be a dream!
Reaching $1000 mark for Ripple is theoretically impossible because the supply of the cryptocurrency coins is not finite and the market would not allow such a situation. Assuming that the market price has reached $1000 and over 100 billion coins available, would constitute for a total market cap for $100 trillion dollars. But nothing is impossible !! On the market can happen and the price of the US dollar may fall and therefore the price of the Ripple might automatically be raised to $ 1000$.
The digital gold rush has officially started, Bitcoin remains the most precious of cryptocurrencies, with a market capitalization of over 200 billion dollars, but now everyone looks on Ripple, which continues to rise to highs record.
Ripple & Crypto Billionaires
There is someone who has already become rich thanks to Ripple?Who made the billions $ buying XRP?
Chris Larsen, co-founder, executive chief and former CEO of Ripple, has become the 5th richest in the world. The recent surge in the price of Ripple has catapulted Larsen in front of the co-founders of Google Larry Page and Sergey Brin in the Forbes ranking of entrepreneurs with greater personal equity.
Larsen owns 5.19 billion XPR in personal holdings and a 17% stake in the company. This also makes him the 15th richest American on the Forbes 400 list in 2017, where he shares the position with Steve Ballmer, former Microsoft CEO and current owner of the NBA team Los Angeles Clippers. Larsen pulls out of some position Abigail Johnson, CEO of Fidelity and herself a big fan of Ripple.
The Ripple CEO, Brad Garlinghouse, holds a 6.3% stake in Ripple according to a company source, and owns other XRP tokens. In total it would have a net worth of 9.5 billion, which is worth the 54th position in the Forbes list of the richest men in the world.
Another person who became rich thanks to Ripple is the other founder of the company, Jed McCaleb, who left the company in 2013 and then reached an agreement with Ripple on the XRP he owns. McCaleb would donate 2 billion XRPs to a fund, and the remaining 5.3 billion deposited at Ripple will be allocated on a monthly basis.
Why Investing in Ripple (XRP)?
It must be said that now the world of finance, has changed.
But if you buy Bitcoin or Ethereum can be a lot (too!). Ripple, with its current cost that is around $ 0.47, is set up as an excellent investment for those who want not only to trade with CFDs but earn from the sale of the crypto. Forecasts speak of notable long-term increases, and for virtual coin lovers it could be a good way to invest without throwing their savings.
Another reason why it is convenient to invest in Ripple concerns the link with banking environments. Sounds paradoxical? Maybe, but on closer inspection we can not realistically assume that credit institutions can magically disappear due to cryptocurrencies. Read Also → 5 Things to Know Before Investing in Ripple (2019 Edition)