Bitcoin vs. Ethereum vs. Ripple: Which is the Best Investment? [Experts Weigh In]
While there is something exciting and romantic about investing in the small cryptocurrencies, those that have a lot of room to grow and haven’t quite hit their potential, nothing quite stacks up to the stability and success of the large cryptocurrencies, namely Bitcoin, Ethereum, and Ripple, the top 3 cryptocurrencies in total market cap.
Most cryptocurrency trading bots, such as those found at Cryptohopper, 3Commas, and RoninAi, will encourage you to focus your investments largely in these main cryptocurrencies.
So which should you invest in? Let’s break it down.
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For those who are less experienced in the world of cryptocurrency, especially crypto trading, the words Bitcoin and cryptocurrency might be synonyms, and for good reason. Bitcoin is the world’s largest cryptocurrency by a very decent margin, and has shown that the original cryptocurrency absolutely has legs. Just take it from McAfee founder John McAfee and Bitcoin Angel Investor Roger Ver.
“You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust.”
– John McAfee, founder of McAfee, Inc.
“Bitcoin is the most important invention in the history of the world since the Internet.”
– Roger Ver, Bitcoin Angel Investor
While it may not gain you any plaudits from friends and family, an investment in Bitcoin is easy, safe, and nearly guarantees excellent returns in the long run. As the world’s premier cryptocurrency, and a consistent beacon of hope in a sometimes dreary crypto world, investing in Bitcoin is a must.
“Bitcoin is great as a form of digital money, but its scripting language is too weak for any kind of serious advanced applications to be built on top.”
– Vitalik Buterin
He might be a tad biased, but Ethereum co-founder Vitalik Buterin certainly knows what he is talking about. And if you think like he does, Ethereum may be the best long-term cryptocurrency investment.
Ethereum is a blockchain platform that is responsible for more than half of all blockchain projects that are currently being undertaken. It enables blockchain entrepreneurs to build on the technology and create projects that revolutionize industries. It is such a core part of the expanding blockchain world that it’s no surprise that Ethereum is far and away the second biggest cryptocurrency in terms of total market cap.
The Ethereum Enterprise Alliance (EEA) is an effort by some of the largest companies in the world to grow Ethereum and find impactful uses for the technology. Companies such as Intel, JP Morgan, Microsoft, and Thomson Reuters are all involved in this effort. EEA and other ventures surrounding Ethereum are extremely promising and show that while Bitcoin may be a bet on cryptocurrency’s future viability, investing in Ethereum is a bet on the incredible backing, infrastructure, and technology behind Ethereum and blockchain itself.
Deloitte and Microsoft have both been putting Ethereum to good use. Deloitte has been implementing blockchain solutions for some of its clients and has recently stated that 50% percent of its projects are built on Ethereum with a big project to be launched in the end of the year. Microsoft recently launched Azure, which plans to be a bridge between enterprise clients and Ethereum offering Ethereum Blockchain as a Service (EBaaS).
“Ethereum has taken what was a four-function calculator of a programming language in Bitcoin and turned it into a full-fledged computer.”
– Fred Ehrsam, Coinbase co-founder
It has been said again and again, but it rings true now just as much as it did a year ago: an investment in Ethereum is not only an investment in a cryptocurrency, it’s a bet on the future of blockchain.
If Bitcoin is the established powerhouse, Ripple is the promising challenger that is on the minds of everyone investing in crypto. Ripple’s cryptocurrency, XRP, may look unassuming due to its price of under $0.50 USD (at the time of writing), but its market cap paints a different picture, as it sits at a mammoth $18.8B USD. Ripple boasts payment settle times of 4 seconds, the ability to scale to the size of Visa, and a track record over several years that ensures that it is not a flash in the pan. If you feel that Ripple may be trying to pit itself against Bitcoin, you would certainly be right.
“[Bitcoin] opened our eyes to what’s possible, but the failings of the technology also became apparent.”
– Cory Johnson, Chief Marketing Strategist at Ripple
Don’t expect it to stay that way for long though, as Ripple’s ambition and the recently growing fervor around it spells success in Ripple’s future.
Of course, there is no clear answer, and experts are split on where the smartest investment lies. What they all agree on is that crypto investing offers returns that simply dwarf other forms of investing.
“The opportunities are very appealing, especially if you have a team that is strong on both crypto, quantitative trading, and machine learning.”
– Paul Veradittakit, Partner at Pantera Capital
Whatever you decide to invest in, it’s a very smart idea to have external trading tools that do the work for you. These tools take almost all of the risk out of trading in a volatile market such as this one, and better ensure those incredible returns that makes crypto trading so appealing.
RoninAi’s artificial intelligence, machine learning, and experienced and diverse team with years of experience in crypto puts it in a position to be the go-to crypto trading tool for everyone from the most experienced investor to the beginner looking to get in this exciting space for the first time. BTC Manager, a dominant force in crypto news, is a big believer that RoninAi’s use of artificial intelligence makes it the best option for traders of all types:
“This is where a product like RoninAi comes in, which is the complete and well-rounded tool to capitalize on the multitude of advantages that AI can bring to cryptocurrency trading.”
Related article: Cryptocurrency Investment Strategy [Guide for Early Beginners]