A key member of the crypto community says she does not believe Bitcoin has bottomed out in value yet.

Ann-Kristin Iversen is a real estate investor and developer and also an investor in Ripple’s XRP. She believes that currency’s real-world use-cases allow it to better withstand the volatility of changing market speculation.

The value of a Bitcoin has gone from $9,500 to $3,700 in 12 months and peaked at almost $20,000 in January.

The battle over the future of Bitcoin Cash, which split off from BTC last year, has hit the market hard in recent weeks: the fourth-largest cryptocurrency effectively forked into two different currencies when two software development teams failed to agree on the most appropriate way to update its code.

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“I think Bitcoin is in trouble – and I don’t think we have seen the bottom yet,” Iversen said. “Seeing how the egos of a few men can practically tank the market is frightening!

“In my opinion, BTC’s claim to complete decentralisation is a myth… and the [environmental] cost of its POW (proof of work) on the environment and the large mining pools located in China is troublesome.”

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In contrast, XRP was worth 24 cents a year ago and was as high as 52 cents this month – a doubling in value in 12 months – although it has fallen back to 35 cents at the time of writing.

It reached a peak of almost three and a half dollars in early January before settling back as the crypto bubble deflated.

“XRP is faster and cheaper than other mainstream cryptos – and it has real-world use-cases. As the current market is showing us, pure speculation is not enough,” Iversen said.

“One of the key elements of Ripple’s success is the fact that they are focused on one main use-case: cross-border payments for financial institutions and banks. That has allowed them to build a product that is a vast improvement on the current system.

“Where other cryptos are shunning banks, these are the customer base for Ripple. RippleNet is now connecting major banks around the world and they are signing up new partners every week.

“When it comes to crypto, adoption is what gives value. It will take time – but due to great timing, they are already way ahead of the others.”

Iversen says another area which Ripple’s tech is a facilitator is micropayments, where people can send very small payments without incurring costly fees, which “opens up new markets in other parts of the world”.

She cites examples within the XRP community including the XRPtipbot, created by Wietse Wind; Wandering Ware’s XRP tree project to make the XRP validator network CO2 neutral; King Blue XRP’s charity for cancer-fighting children’s hospital St. Jude and Zerpzilla’s #NoKidLeftCold campaign.

“I believe 90 per cent of the cryptos we see today will be gone in a few years, simply because they lack real-world use-cases,” Iversen added.

Iversen acknowledges that no one knows for sure where the crypto market is headed.

She believes XRP is an “excellent long-term investment” while taking care to point out that this is not outright financial advice.

“BTC has experienced five major corrections to date, and the recent bear market of 2018 is by no means the largest correction,” she said. “So it might bounce back to its former glory and beyond.

“One thing I have learnt is that crypto is unpredictable and not to speculate on price. There are too many unknown factors.

“We can always hope, but I honestly don’t think anyone knows.”