According to Anthony Bassili, President of Coinbase Asset Management, the typical investor still has not reached a transparent consensus on which crypto assets deserve serious attention beyond the highest two assets.
“There is a really, very clear opinion within the investment community that the best first portfolio is Bitcoin. The next one is Bitcoin, Ethereum,” Bassili said during an interview with Cointelegraph on the Bridge conference in New York City on Wednesday.
Bassili noted that Solana (SOL) is “perhaps” the third asset on the radar. “The market may be very uncertain about what the subsequent asset they need to own after that is,” he said, adding that there’s a “very big gap” to XRP (XRP) after Solana.
According to Bassili, fourth place continues to be open
“We must see how well the subsequent network or application matches the product market that can take that fourth spot,” he added.
Bassili said investors must see faster network speeds, although XRP has “done a fantastic job of execution.” “So you really have to have a look at them as a part of the liquidity ecosystem,” he said.
Anthony Bassili spoke to Cointelegraph on the Bridge conference in New York City on Wednesday. Source: Cointelegraph
On Thursday, Canary Capital's XRP ETF closed its first day with $58 million in trading volume, marking probably the most successful ETF debut of 2025 amongst each crypto and traditional ETFs.
Bassili noted Ripple's significant advancements, including the adoption of a custodian, a stablecoin orchestration layer, and a broker-dealer.
Bassili says XRP is “taking all the best steps”
“So they're taking the best steps. The query is, you realize, whether the market believes they're able to be the subsequent top 4 asset,” Bassili said.
Bassili emphasized that while asset prices in crypto markets are sometimes based on narrative and speculation, a more in-depth have a look at money flows can quickly change perceptions.
“You'll see that the market doesn't really price well since it's actually becoming more realistic,” he said.
