PANews February 8 News, according to Cointelegraph, Bullish CEO Tom Farley stated in an interview with CNBC that there may be a trend of more projects being acquired by large companies in the cryptocurrency industry, which could lead to a more unified industry landscape in the coming months. Farley believes that industry consolidation should have happened one or two years ago, but overly high valuations maintained false optimism. Many companies will realize that “they have no business, only products.”
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Bullish CEO: The crypto industry will undergo large-scale consolidation
PANews February 8 News, according to Cointelegraph, Bullish CEO Tom Farley stated in an interview with CNBC that there may be a trend of more projects being acquired by large companies in the cryptocurrency industry, which could lead to a more unified industry landscape in the coming months. Farley believes that industry consolidation should have happened one or two years ago, but overly high valuations maintained false optimism. Many companies will realize that “they have no business, only products.”