Is Crypto Sketchy? Here’s What To Know Before You Invest

The meteoric rise of cryptocurrency in the public consciousness in the past two decades can hardly be overstated. Bitcoin’s launch in 2009 set the stage for the worldwide proliferation of digital tokens and coins. 

As of April 22, 2025, there are well over 14 million cryptocurrencies available around the world, with new coins launching daily. (Although some estimates suggest that at least half of all cryptocurrencies that are launched will eventually fail.) Combined, these tokens account for nearly $3 trillion in market value, enough to rival the biggest publicly traded companies on earth.

Much of the initial hype surrounding the crypto space was based on speculation about the potential of the technology to upend traditional…

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