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Most existing cryptocurrencies won't survive, says Raghuram Rajan
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moneycontrol.comFormer Reserve Bank of India (RBI) governor Raghuram Rajan believes that out of the 6,000-odd cryptocurrencies in existence today, most will perish.
Only one or two, or at most a handful, would survive, Rajan said. “If things have value only because they will be pricier down the line, that’s a bubble,” he told CNBC-TV18. “…A lot of cryptos have value only because there is a greater fool out there willing to buy.”
Rajan compared the current fad in cryptocurrencies to the tulip mania in
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