People do not seek out the investment instruments with the greatest reserves status (there are none found on the planet) - people seek out the instrument with the least fraud and depreciation!

Offshore Exchanges had to make a virtual crypto that could trade instantly and represent true blockchain crypto - so exchanges can even function. So everything you buy on a exchanges is all faked and totally worthless. I noticed the fanatic enthusiam of its investors even though they are clearly informed of what they are buying.
They don't care, I'd call the the Church of Cryptology, it's turned into a fanatic frenzy to flee the fiat.

But if the currencies fail, and all that's left is the exchanges one would expect to see the exchanges become the future central banks!!

Which is a scary thought.

JPM is clearly figuring out who the winners are which they are gate herding into Ripple which is just a bank currency!