There are currently over 17,000 Cryptocurrencies in existence – since many have already closed up we can use a figure of 20,000. If we projected that 1% of these had any real value (were traded fairly and regularly, had years of experience being traded, were traded by regulated exchanges) – that would mean 200 “good” (in quotes for a reason) cryptocurrencies.

Even many Crypto Traders give figures of 10 to 20 coins which they themselves would own or trade. In these cases, those folks are expressing that 99.9% are not up to their standards of ownership.

Only the top two or three crypto coins have a large enough Market Cap (total value of all coins) bigger than what a single Wealthy Person could buy! Compare that to any other store of value like Gold, the US Dollar (backed by 130 Trillion in assets) etc.

Bitcoin itself represents over 50% of all the cryptocurrency value. Apple Computer Inc. is worth more than all the cryptcurrencies in the world put together.

Put into layman’s terms – this is not a solid asset claim by any measurement. No doubt the top 2 to 5 coins are “better” than the others in terms of stability and potential for existing longer term – but there is nothing stopping ALL Cryptocurrency from going away…as much of it has done already. The market runs purely on faith, greed and profit – and when the reasons for it go away, it also will go away.

As we have already documented – one of the largest reasons for its existence is in the tens of billions SCAMMED through it. That is a very poor reason for the existence of a solid trading currency – and cannot continue in the long term.

In any case, it is not exaggeration to say that 99% plus of Crypto is of little or no value as a store of value – it is more speculation, gambling and/or greed/fad based.