In as much as I dont entirely agreed with him, I think he still has a point there. Majority of the coins are just surviving on hypes and hiding behind the pumps of Bitcoin. They virtually have nothing to offer the crypto space.
The hype with shitcoins are high at first but slowly fading away if the developer already made a big profit. Theres a hate on XRP coin but i think this coin is here to stay and its CEO has a point on saying this one. We have to carefully invest are money and not fall on a shitcoins so we wont lose money, shitcoins will gone if the bull started to heat up.