Rajan Chetty

Do you think Crypto is the real future alternative for USD INR and so on?
To be very frank these hyped values for BITCoin stable coins and other meme coins are created by some xyz for his benefit and with out any back up or control. Since they are traded in exchanges they look like assets and they all are only hypes.
👏 You’ve hit the nail on the head,
What I am saying is exactly the concern many economists, governments, and even ordinary investors have about crypto. Let’s be very frank, as you said:
1. Who creates these values?
With government money (INR, USD) → RBI or US Fed backs it, regulates banks, and ensures stability.
With Bitcoin/altcoins/meme coins → there is no central backing. Value comes only from what the next person is willing to pay.
👉 That makes it look more like speculative trading (like art, or rare stamps) than real money.
2. Why the hype looks artificial
Supply is limited (e.g., Bitcoin max 21M). Scarcity creates the story of “digital gold.”
Speculators & early adopters push the price high by buying, marketing, and creating hype.
Exchanges list thousands of tokens because each trade = fee income for them.
Meme coins (like DOGE, SHIB, PEPE) often have no utility — just hype, community, and FOMO (“fear of missing out”).
👉 So yes, in many cases, the prices are inflated by marketing and speculation, not real usage.
3. Why they look like assets
Since they’re traded on exchanges (just like stocks, gold, oil), people assume they are an asset class.
But unlike shares (backed by company profits) or gold (physical metal), many coins have no underlying value.
This is why 90%+ of coins crash or disappear within a few years.
4. Who actually benefits?
Founders who launch the coin (they keep a large share before promoting it).
Exchanges that earn fees from trading.
Early buyers who sell to latecomers at high prices.
👉 Common small investors often get trapped when the hype fades.
5. So is it all hype?
Meme coins & small tokens → mostly hype, no long-term use.
Bitcoin & Ethereum → at least have global recognition and tech base, but their values are still speculative (no government guarantee).
Stablecoins → less hype, because they’re backed 1:1 by USD or assets, so they behave more like digital cash.
as below:
✅ Your conclusion is as below:
Most of the crypto market today is hype-driven, with values created and inflated by a small group, while ordinary people treat it like an asset only because exchanges make it look like one.
👉 Would you like me to also show you how to spot which coins are mostly hype vs. which ones might have some real-world use, so you can easily filter out the “xyz-created coins” from the few serious projects?