JUST IN: Cryptocurrencies are an innovative digital asset that have experienced monumental growth in recent times due to several contributing factors, including some governments decisions to allow them as legal tender.

However, they have also suffered setbacks that have called their viability into question.
Michael Ippolito, co founder of Blockworks, warned in a series of articles on X that this phenomenon represents an existential threat to the industry if the disconnect between the quantity of digital assets and their value is not corrected.