The Great Divide
Why Most Crypto Projects Will Die - And What We Choose to Believe In
Crypto is still misunderstood.
To some, it’s a revolutionary new financial system.
To others, it’s a speculative frenzy built on false promises.
The truth lives somewhere in between.
Yes, there are real innovations being built.
But they are buried beneath a surface layer of noise — tokens with no purpose, ecosystems driven by nothing but hype, and narratives created solely to generate exit liquidity.
Not every coin is a scam.
But most of them have no reason to exist.
When Price Becomes the Product
The biggest trap in this market is assuming price movement equals value.
You see a token jump 400% in two weeks and think something important must be happening.
But in this space, price is not always a reflection of demand — it’s often a result of coordination.
Pre-seed valuations for insiders.
Low circulating supply to manipulate volatility.
Influencer hype.
Listings timed for maximum attention.
It’s not organic growth.
It’s orchestration.
The end result is the same every time:
Retail investors are invited in late, and when the music stops, they’re left holding the bags.
How It’s Engineered
These cycles aren’t accidents. They’re structured.
- A project raises capital at a microscopic token price.
- The float is tightly controlled and the FDV (Fully Diluted Valuation) is inflated.
- Social media campaigns and vague roadmaps build “narrative momentum.”
- Once the token lists, retail comes in — chasing what looks like a breakout.
- Behind the scenes, insiders are slowly exiting.
- Eventually, liquidity dries up and the community dissolves.
This isn’t innovation.
It’s extraction.
What Separates the Real from the Hype
There are only a handful of questions that matter when evaluating a protocol:
- Does it solve a real problem?
- Is there meaningful usage beyond speculation?
- Does the token have a reason to exist within the system — or is it just a monetization layer?
- Would the project still be viable if the price chart disappeared?
If the answer to those questions is unclear, it’s likely not built to last.
The projects that will endure aren’t trying to win attention.
They’re building infrastructure.
Real Infrastructure Chains
Bayberry Capital focuses on assets that are building systems, not stories.
XRP Ledger (XRPL)
Purpose-built for fast, low-cost settlement. No gas wars. No gimmicks. Adopted by financial institutions and evolving into a foundation for stablecoin issuance, tokenization, and payments.
Flare
A network designed for interoperability and data. It brings smart contract capability to previously incompatible assets and allows external data to move freely across chains — unlocking composability at scale.
Algorand
Backed by rigorous math and real engineering. Used by governments and enterprises for CBDCs, asset tracking, and identity systems. Fast, reliable, and purpose-built for utility.
Stellar (XLM)
Focused on cross-border payments and stablecoin infrastructure. Stellar has found its lane and is executing quietly — bringing financial access to underserved markets with real-world pilots already live.
Cardano
Built with an academic-first approach, Cardano emphasizes peer-reviewed research and mathematical rigor.
It’s one of the few chains that took the long road — prioritizing security, scalability, and sustainability from day one.
Now entering a phase of real-world adoption across identity, governance, and tokenized infrastructure, Cardano is finally moving from theory into practice — and it’s doing so with clarity of purpose and architectural discipline.
Ethereum
Despite its inefficiencies, Ethereum remains a core layer in today’s market. Its EVM standard is still foundational across DeFi and digital identity. It may not be the final answer, but it’s part of the stack.
These are not hype vehicles.
They’re utility layers — infrastructure for the next evolution of value exchange.
Bayberry’s Approach
We’re not here to speculate on the next trend.
We’re here to identify what survives.
Our thesis is simple:
If a protocol wouldn’t matter without a price chart, we’re not interested.
We look for:
- Functional use cases
- Long-term integrations
- Token models that are sustainable
- Protocols building for real demand — not speculative churn
We study what’s beneath the surface, and we invest accordingly.
The Divide Is Only Getting Wider
What’s unfolding now is a deep market split:
On one side are tokens created to generate attention, volatility, and wealth extraction.
They move quickly, gather headlines, and disappear when interest fades.
On the other are systems designed to persist:
Built for compliance. Built for scale. Built to integrate with the real world.
This is the Great Divide.
In the years ahead, the difference will become obvious — not in headlines, but in who’s still standing.
