A common question in the crypto world, especially when prices drop and the news is negative, is: who actually profits? According to Asheesh Birla, the founder of Evernorth and a former leader at Ripple, the current market downturn suggests one answer: XRP.
XRP is currently the third-largest cryptocurrency, and investment funds focused on it have been performing better than funds tracking other cryptocurrencies like Bitcoin. According to Birla, this makes XRP an attractive option for investors as the overall market stabilizes.
XRP exchange-traded funds (ETFs) are currently outperforming other digital assets, like Bitcoin, suggesting strong investor interest in XRP. It’s also a readily tradable asset, meaning it’s easy to buy and sell.
Riding Out the Winter
As a crypto investor, I’ve seen these ‘crypto winters’ – long periods where prices just keep falling. They really separate the strong projects from the ones built on just hype. I’ve been looking at XRP, and a lot of the argument for it holding up better than others makes sense. It’s actually being used to move money between banks, making international payments faster and cheaper, which is a real-world application that gives it staying power.
Even when token prices fall, the fundamental need for these technologies remains. Banks will continue to process international payments, and transactions will still occur. The revenue generated by the XRP network won’t simply vanish just because individual investors are feeling uncertain.
Evernorth, a company founded by Birla, concentrates solely on XRP. He explains this intentional focus allows for a more streamlined business and, importantly, keeps all available funds concentrated in one place instead of being divided across many different networks.
As a crypto investor, I think concentrating liquidity on a smaller number of blockchains will ultimately improve the overall experience. It just makes sense – spreading things too thin across many chains isn’t efficient. It’s really a liquidity game, and fewer, stronger chains will be better for everyone.
New Laws Are Changing the Game
According to Birla, the most important development isn’t just the daily ups and downs of the market, but changes happening in Washington. The GENIUS Act, regulating stablecoins (digital currencies linked to the dollar), has already become law. And the CLARITY Act, aiming to create clearer rules for all of crypto, is currently being considered by Congress.
Experience consistently shows that simply having good technology isn’t enough. Success requires a combination of technology, appropriate regulations, and then investment to grow and develop things further.
He notes that significant investment from major financial institutions is now starting to happen. Franklin Templeton and BlackRock are both beginning to transfer assets to blockchains, which Birla believes signals the start of a much bigger trend.
What About the Price?
As an analyst, I can tell you crypto winters are always tough – prices drop, and naturally, everyone starts questioning things. Recently, when presented with data showing limited growth in the overall decentralized finance space, despite all the hype, Birla didn’t shy away from acknowledging it. He faced the facts head-on.
A year isn’t a long time to consider real change – it’s really quite short. When you think about how quickly things innovate, you need to look ahead a decade. Perhaps we, as a society, need to broaden our perspective and focus on long-term goals.
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2026-03-06 19:22