Since Bitcoin's creation in 2009, the total number of collapsed crypto ventures/projects is in the millions. Reliable estimates put the number of failed coins/projects at 13-14 million since 2021 alone, plus tens of thousands earlier. The vast majority of these failed crypto coins/projects were low-effort or speculative coins that launched and died quickly, especially in the 2024–2025 boom-and-bust cycle. Today, the cryptocurrency space remains highly experimental and very

Cryptocurrency is a form of digital currency. Unlike traditional currencies that are issued by central government authorities and regulated within an established banking system that is insured and highly regulated for customer safety, cryptocurrencies exist on decentralized virtual networks and use “blockchain technology" to securely record, store, and verify data.  The value of cryptocurrency is based solely on supply and demand, speculation, and perceived future usefulness.