What crypto coins will fail?

Paulson went on to say that cryptocurrencies could eventually be worthless. “Once the exuberance wears off, or liquidity dries up, they will go to zero . I wouldn’t recommend anyone invest in cryptocurrencies,” he said.

Even with the pandemic, there are now more than 11,000 cryptocurrencies in existence, up from about 6,000 in 2020, according to the website CoinMarketCap. “Nothing is too big to fail ,” says Niederhoffer, a former neuroscientist, “but I suspect Bitcoin’s biggest critics have never used it to perform a transaction.5 Kas 2021

Here is a look at the top 5 cryptocurrency failures of all time.

WATCH: Guggenheim Partners CIO Scott Minerd says 70% of digital coins are “garbage.”