Probably everybody knows that the majority of cryptocurrencies and crypto projects in this sector have, so to say, no worth. Various analysts, experts and specialists from the crypto field often warn us that over 90% of all cryptocurrencies are scams or projects which do not solve anything and are just trying to capitalize on the hype around blockchain and cryptocurrencies. Ripple’s CEO pushed this claim even further.

Brad Garlinghouse, Ripple’s CEO has recently said that the vast majority of crypto projects will cease to exist. The Coinmarketcap page alone shows over 3,000 cryptocurrencies, and these are definitely not all. However, Brad thinks only a minimal number of these projects has a chance to survive.

“99% of all crypto probably goes to zero, but there is that 1% where I think that is focused on solving a real problem for real customers.”

Being Ripple’s CEO, he had to highlight the work on this project, too.

“I think if we can enable Ripple to be the most efficient, measured by speed of a transaction and the cost of a transaction, more and more people will use it.”

Despite the fact that, just like all the other cryptocurrencies, even XRP has lost a huge percentage of its ATH, Brad Garlinghouse remains optimistic. As he put it, volatility as such does not bother him because he is interested in this project in the long run.