The founder of the venture holding Digital Currency Group (DCG) said that 99.9% of existing cryptocurrencies are nothing of themselves, since they have no practical value and are not beneficial to society.

Barry Silbert (Barry Silbert) on the podcast The Journeyman He admitted that he was experiencing a strong hostility for projects that strive to raise their price and increase the cost of shareholders:

“13 years have passed since I first bought bitcoin. You know, I was always interested in everything that goes beyond our space. I think people will wake up once and understand that financial confidentiality is important to them. After all, there is a bitcoin that is private and useful, unlike most existing cryptocurrencies. ”

According to the businessman, tokens focused on confidentiality, such as ZCASH (Zec), are now noteworthy – since they have practical benefits. The cryptoine will have to adapt to the increasing influence of the regulators if he wants to remain an important part of the global financial system, and not an outsider.

Earlier, the former chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, said that in the future the best positions will remain with Bitcoin, and the courses of most altcoins and memorials are unstable and depend on the variable mood of investors.