# When Institutions Care About Fundamentals: What BlackRock's Crypto Lead Really Said
BlackRock's head of digital assets Robbie Mitchnick just made a statement that's worth unpacking. His core point: in a market drowning in 10,000+ crypto projects, maybe—just maybe—only a handful actually matter.
He singled out Bitcoin as the clear winner with genuine product-market fit (digital gold, captures majority of crypto cap). Then came the real take: *most cryptocurrencies will ultimately hold zero real value*.
**What This Means for XRP Specifically**
XRP community members are reading into this for a
BlackRock's head of digital assets Robbie Mitchnick just made a statement that's worth unpacking. His core point: in a market drowning in 10,000+ crypto projects, maybe—just maybe—only a handful actually matter.
He singled out Bitcoin as the clear winner with genuine product-market fit (digital gold, captures majority of crypto cap). Then came the real take: *most cryptocurrencies will ultimately hold zero real value*.
**What This Means for XRP Specifically**
XRP community members are reading into this for a

