Shaan Puri Talks About LiteCoin, Bitcoin Cash, Etc. And Their Place in the Market

Name: Shaan Puri Talks About LiteCoin, Bitcoin Cash, Etc. And Their Place in the Market
Uploaded: 2022-05-05T22:00:32+00:00
Duration: 33 s
Channel: Sam Parr
Description: In this monologue, Shaan Puri argues that several high‑market‑cap cryptocurrencies—specifically Litecoin, Bitcoin Cash, Ethereum Classic, and Ripple—lack…

5 May 2022 · 1 min

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In this monologue, Shaan Puri argues that several high‑market‑cap cryptocurrencies—specifically Litecoin, Bitcoin Cash, Ethereum Classic, and Ripple—lack any clear utility or market purpose. He labels them as purposeless forks or scams and contends that their combined market capitalization of roughly $100 billion is vastly overstated, suggesting the true value should be near zero, certainly well under $10 billion.

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In crypto, there was like a long list of like crypto things that are high market cap right now but make basically no sense as to why they would have that much value. Litecoin, there is no purpose or place in the market. Bitcoin Cash, no purpose or place in the market. Ethereum Classic. And so Bitcoin Cash, Ethereum Classic, these are just forks of Bitcoin, forks of Ethereum. Ripple, also no purpose, also a security, also scam. And like all these combined, I think have like a $100 billion market cap. Cap. So that's $100 billion of value that, that should be probably closer to zero than, than even $10 billion.