I watched the analysis of the long-term trends of the crypto market from the Skripko

I watched the analysis of the long-term trends of the crypto market from the Skripko and, as I see in general, the methods for evaluating are correct, but there is one fundamental error in its calculations

It's impossible to calculate the entire crypto market capitalization in terms of all coins, since anyone can create their own shitcoin with millions of coins. Therefore, we only need to consider BTC and Ethereum, and simply calculate all other stacks as a fraction of Ethereum.

This works out to be approximately:
2.1 trillion BTC (including lost coins, average value)
528 billion Ethereum (including lost coins, average value)
500 billion everything else.
This comes out to 1 trillion less.