Swan Bitcoin founder Cory Klippsten warns investors away from altcoins, saying only 3 have ever recovered to their previous all time highs.
Swan Bitcoin founder and proud Bitcoin maximalist Cory Klippsten has a word of caution for crypto bros: steer clear of the altcoin season hype. According to him, you might as well bet your life savings on the slot machines in Las Vegas.
Just keep in mind that out of the 20 to 30,000 altcoins, only three have ever had a new all-time high, three or more years after their first all-time high, he says.
Klippsten cites XRP, which saw its 2017 all-time high beat its 2013 all-time high.
