Why did Dogecoin co-founder Billy Markus say 95% of cryptocurrencies are scams?

Why did Dogecoin co-founder Billy Markus say 95% of cryptocurrencies are scams?

Every now and then, people blame most cryptocurrencies and digital assets for being frauds or scams; now, Billy Markus has also stated something similar. Co founder of popular memecoin, Dogecoin, Billy Markus, has recently opined in his tweet that about 95% of available cryptocurrencies in the crypto market are scams…
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Source: The Coin Republic
Posted: 4 minutes ago