Forget Bitcoin: I’d buy these 2 cheap FTSE 100 stocks in an ISA to get rich and

The FTSE 100’s recent market crash may cause some investors to buy other assets, such as Bitcoin, to increase their chances of retiring early. After all, the virtual currency has almost doubled since its March lows, while the FTSE 100 is up by just over 20%.

However, the FTSE 100 has a long track record of recovery from even its most challenging periods. Therefore, there’s a high chance it’ll go on to report strong total returns in the long run. This makes it a less risky — and potentially more rewarding — means of planning for your retirement than Bitcoin.

With that in mind, here are two FTSE 100 stocks that appear to be undervalued. Buying them in an ISA today could boost your long-term financial prospects.

FTSE 100 retailer Sainsbury’s

The recent results released by Sainsbury’s (LSE: SBRY) highlighted the uncertain trading conditions faced across the retail sector. The company stated that it’s too soon to accurately determine the impact of coronavirus on its financial performance in the current year.

As such, investors in the stock face an uncertain future. For example, it’s unclear when lockdown measures will end. Likewise, should the UK economy experience a prolonged period of high unemployment and slow growth, demand for the company’s products could come under pressure.

Despite this, the Sainsbury’s share price appears to include a margin of safety at present. It’s fallen by 18% since the start of the year, and could now offer good value for money. With the FTSE 100 company having a strong online presence and potentially set to benefit from business rates relief, it could deliver relatively strong financial performance over the long run.

Vodafone

Another FTSE 100 stock that could deliver impressive total returns in the coming years is Vodafone (LSE: VOD). Its recent results highlighted the improvements it’s making to its business model. Notably, it now has a three-year plan to accelerate its digital transformation. In doing so, it expects to reduce its costs by around €1bn.

Vodafone’s business model has proved to be resilient over recent months. For example, it reported a 3% rise in sales in its recent annual results, with profit increasing by 2.6%. This could make it a relatively popular stock among investors in a period where difficult operating conditions may negatively impact on the financial prospects for a wide range of businesses.

With a dividend yield of around 6.3%, Vodafone appears to offer income investing potential. It may also…