Billionaire investors looking for new ways to build wealth are seeking higher returns in these three cryptocurrencies.

In the world of cryptocurrencies, a famous billionaire investor’s single tweet from him can cause a cryptocurrency to go up or down in a matter of seconds. Influential billionaires like Warren Buffett can cause fear, uncertainty, and doubt (FUD) in the crypto market with a short interview on CNBC. And billionaires looking to increase the value of their crypto assets often find ways to introduce new narratives into mainstream media. All of this can affect the fate of your favorite cryptocurrency.

So it’s worth taking a look at what some of the most prominent billionaires are currently buying. As you might expect, Bitcoin (BTC 0.63%) is a popular choice for billionaires looking to expand their wealth into new asset classes such as cryptocurrencies. Lately, Ethereum (ETH 0.43%) has been attracting billionaire backers. Don’t forget the meme coins. Billionaire investors appear to be leading the crowd to get-rich-quick coins like Dogecoin (DOGE 0.81%), proving once again the adage that you can never have enough money.

Bitcoin

Billionaire investor Michael Saylor is perhaps the most famous supporter of Bitcoin, and he shows no signs of deviating from his bullish stance on Bitcoin. On Twitter, he regularly sends out enthusiastic Bitcoin tweets to his 2.6 million followers, with each tweet increasing Bitcoin’s value and defending his huge Bitcoin position. The purpose is At the top of his Twitter page is a tweet that will become a timeless classic. “Bitcoin is a swarm of cyber hornets serving the Goddess of Wisdom, feeding on the flame of truth to become exponentially smarter, faster, and stronger.” A wall of encrypted energy.

Apparently, Saylor is a Bitcoin maximalist, meaning he believes Bitcoin to be the greatest and be-all-end-all of cryptocurrencies. So it’s no secret that Saylor’s company, MicroStrategy, has a big position in Bitcoin, and that Saylor recently took on billionaire Elon Musk in a Twitter debate over Bitcoin. Perhaps not surprising. In early August, Saylor stepped down as chairman of the company and became chairman of the board, just to have more time to manage his Bitcoin positions.

Ethereum

billionaire investor Mark Cuban is a highly influential sports team owner, perhaps best known for his role on the TV show Shark Tank, and the Ethereum version of Michael Saylor. It was revealed that. He calls himself “Ethereum Maxi” and regularly promotes Ethereum. In his opinion, Bitcoin may be a good store of value, but Ethereum is where all the action takes place. According to Cuban, Ethereum has become the world’s leading blockchain in terms of smart contracts, non-fungible tokens (NFTs), and decentralized applications. Earlier this year, Cuban revealed that he had a large position in Ethereum, and now he has doubled down on his investment strategy in Ethereum ahead of a merger that is highly anticipated to result in technological upgrades to the Ethereum blockchain. It seems there is.

Dogecoin and Other Meme Coins

Elon Musk, currently the richest person in the world, is one of the most famous billionaires for his willingness to embrace the volatility and uncertainty surrounding meme coins like Dogecoin. Stands out among wealthy investors. In fact, he is known on social media as the “Dogefather” due to his key role in bringing Dogecoin to the masses. He seems to like the ability to increase or decrease the value of his Dogecoin with a single tweet, and regularly sends out letters aimed at engaging his Dogecoin community on Twitter. I am.

For example, in early August, he tweeted a photo of himself and his son with matching hairstyles. This prompted Dogecoin fans to ask for photos of his son and dog Floki. When Mr. Musk capitulated, the internet came close to being destroyed. In addition to Dogecoin and Shiba Inu, people even popularized an obscure memecoin called Floki Inu, a cryptocurrency named after Elon’s dog. What’s really interesting, and perhaps a little scary, is that fans of Dogecoin and Elon Musk can also buy a virtual currency called Dogeron Mars. The ticker symbol is of course ELON.

If you’re looking to emulate the success of the world’s richest investors, Bitcoin and Ethereum should be at the top of your crypto shopping list. Depending on how much risk you want to take, you may also consider taking a position in your favorite meme coin. However, keep in mind that the value of any asset can go to zero, and that includes crypto assets named after dogs.