American entrepreneur Anthony Scaramucci cautions crypto investors.
Scaramucci says out of 8,000 coins, only 5 to 15 coins will survive.
He predicts the rest of the coins will go to zero.
Entrepreneur Anthony Scaramucci is cautioning investors to buy quality crypto as there are thousands of shitcoins that can cause investors to lose their funds. He spoke on a live news telecast where he shared his opinion on the current bear market.
Scaramucci claims that out of the 8,000 coins in the crypto space, the majority will plummet to zero. He also said there would only be 5 to 15 coins that would be credible and could provide use cases for the future.
Scaramucci also believes several layer technologies will have more uses in the future. Specifically, he mentioned their Web3 utility, as the internet undergoes further decentralization. He also believes that many coins will be wiped out of the market.
He cautioned investors to be disciplined as bear markets happen once every few years, and...
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