Value is always subjective. The Enemy has deflated bitcoin to an extent by inflating the number of alt coins.
Diluting the possible buyer pool.
They are crashing crypto not because they can kerp it crashed but they can scare off normies
I'm of the belief that alt coins are mostly just created by opportunists. The effect is the same though, people are going to lose wealth.
But there is a bright side, it gives people more time to realize bitcoins value and buy it at a discount.
I confess. I love xrp mission and developer. Holding it for years and continue to for decades I hope.
These two links summarize why I'm not interested in alt coins.
https://www.sec.gov/news/press-release/2020-338
I don't know if they did anything wrong, but the founders appear to have made $600M selling ripple. Alt coins are definitely profitable.
Good luck with your investment.
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