Brad Garlinghouse,the CEO of Ripple has said in an interview recently with Bloomberg that he believes 99% of all crypto projects are going to go to zero.

In an interview with Bloomberg on November 5th, he stated that in his opinion there are far too many cryptocurrencies and that only a small percentage of cryptos actually have any real use.

He went on to say that there are more than 3000 cryptocurrencies that are available to trade but only a few of them are actually be able to solve a problem and deliver to a customer need.

Garlinghouse argues that the vast majority of crypto’s are “going to go to zero“ and that although the space will grow significantly in the years to come only a tiny fraction of the crypto projects available to trade right now will survive the test of time.

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