According to Anthony Bassili, president of Coinbase Asset Management, the average investor still hasn’t reached a clear consensus on which crypto assets beyond the top two require grave attention.
“There is a very clear view in the investing community that the right first wallet is Bitcoin. The next one is Bitcoin, Ethereum,” Bassili said during an interview with Cointelegraph at The Bridge conference in Novel York on Wednesday.
Bassili pointed out that Solana (SOL) is “maybe” the third asset on the radar. “The market is very uncertain about what next asset it will want to own after this event,” he said, adding that there is a “very big difference” to XRP (XRP) after Solana.
Bassili says fourth place is still uncertain
“We need to see if the next network or application will have a market fit for the next network or application that will take the fourth position,” he added.
Bassili said that even though XRP is “doing a great job at execution,” investors need to see faster network speeds. “So you really have to see them as part of the liquidity ecosystem,” he said.
On Thursday, Canary Capital’s XRP ETF closed its first day with $58 million in trading volume, marking the most successful ETF debut of 2025 among both cryptocurrency and time-honored ETFs.
Bassili pointed to significant progress on the Ripple side, including the acquisition of a custodian, stablecoin orchestration layer, and broker-dealer.
Bassili says XRP is ‘taking all the right steps’
“So they’re taking all the right steps. The question is, you know, whether the market thinks they’re ready to, you know, be the next top four asset,” Bassili said.
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Bassili emphasized that while cryptocurrency markets often price assets based on narrative and speculation, a closer look at cash flows can quickly change perceptions.
“You’ll see the market not pricing things very well as it starts to become more and more realistic,” he said.
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