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In a podcast for Lend Academy recorded on November 5, Asheesh Birla called Bitcoin (BTC) “a rather innovative alternative to gold,” but added that 2020 had shown that there was room for many tokens in the crypto space.
Birla said she believed Bitcoin didn’t “follow” payments, and because different projects had different use cases, the coin’s overwhelming dominance was no longer a certainty:
“I think the days when people believed there would only be Bitcoin, I think, are over. I think it’s clear there will be a lot of digital assets and a lot more traditional assets that will be tokenized as digital assets.”
RippleNet GM commented when XRP’s price was around $ 0.25. It has since tripled, climbing to $ 0.92 last week before plunging 30% due to a wider market rout.
Despite the lack of movement in XRP at the time, Birla added that he felt optimistic about the crypto space turning “red again” after the 2018 incident.
“I don’t see traditional venture capitalists as interested as they were in 2017,” he said. “But in my mind I couldn’t be happier in terms of innovation in space.”
Both Ripple co-founder Chris Larsen and CEO Brad Garlinghouse recently expressed frustration over the lack of regulatory clarity for Ripple in the US. Last month, SBI Holdings CEO and Ripple board member Yoshitaka Kitao said blockchain-based payments could consider moving its headquarters to Japan. Larsen believes authorities in the United States have a policy of “regulation through enforcement” and are “sadly behind” in preparing for the next generation of a cryptocurrency-based global financial system.
At the time of publication, the price of XRP is $ 0.61, having dropped 3% in the past 24 hours.
