In a recent speech at the annual PNWER meeting held in Montana, Neil Kashkari, president of the Federal Reserve Bank of Minneapolis, sharply criticized cryptocurrencies, stating that "95 percent of cryptocurrencies are fraud, deceptive advertising and noise," and he also said he had a more positive view of cryptocurrencies in 2015. Kashkari also referred to the large number of altcoins and called them "garbage coins."
What Neil Kashkari said is common knowledge but how did he get the percentage that it is 95% of today's cryptocurrencies that are garbage or it is just his imagination with the data? Newcomers into cryptocurrency should be very careful with the tokens they buy. Do not choose a token because it has a cheap price because that may also be buying a scam token or abandoned one. Be careful and do your research before anything else.