Gavin Brown of Blockchain Capital Ltd. Believes No More than Handful of Crypto Assets Succeed

Gavin Brown: We’ll See Only One Or A Handful Of Cryptos Winning

The co-founder of Blockchain Capital Ltd., Gavin Brown, has recently affirmed that only one or a handful of cryptos will be the final winners of the market. These winners, he affirms, will win a lot of value and become the most important cryptos in the market.

He advised investors to hold a very diverse portfolio, in any case, since it is very hard to know which tokens will end up winning in the future. If you bet in only a couple of them, you will not be prepared and you may end up losing some money if you bet on the wrong crypto.

Brown also affirmed that more institutional investors are entering this space, as well as very well-known companies and this could bring more legitimacy to the crypto space. According to the investor, the money will be more democratized in the future.

He believes that people will trust cryptos more if they trust the brands and products, too, so the ones that get the backing of companies will be one step ahead.

Brown also sees a future in which multinational companies may start to issue their own cryptos. McDonald's has a higher credit rating than the country of Ireland, for instance, and Facebook Coin is about to become a reality, so this will be something that traders will have to start paying attention in case they are interested in getting major profits.

The man also answered an obvious question: will a world in which we have to use different currencies for different services simply too complex to consume the products from these companies? His answer is that alliances will probably be made in the future and that the situation does not need to be so complicated like this.

According to him, other companies are already making alliances. JPM Coin, the not really a crypto token created by JP Morgan, for instance, will be used by over 220 banks.

Let's Explore the Top Altcoin-Currencies Who Have Been Performing Well in 2019

Live Bitcoin (BTC) Price:

1 BTC/USD =$11,272.9070 change ~ -5.06%

Coin Market Cap

$208.04 Billion

24 Hour Volume

$7.35 Billion

24 Hour VWAP

$11.55 K

24 Hour Change

$-570.3210

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Gabriel Machadohttps://bitcoinexchangeguide.com/
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,467FansLike
2,795FollowersFollow
4,230FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Compound Protocol to Roll Out Decentralized Oracles Dubbed ‘Open Price Feed'

Compound, one of the most popular defi protocol, is all set to introduce open price feeds for lending on its platform using a decentralized...

$2 Million Slippage & Surge in Ether Price on Uniswap Helps Net $40k in Profit

A Uniswap user was able to profit $40,000 thanks to $2 million of slippage and the price of Ether surging north of 15%. It all...

Irish Govt to Target Cryptocurrencies Use in Money Laundering And Terror Financing

The Irish government aims to implement stricter and more stringent laws to curb money laundering and terrorism financing in its financial system, including digital...

Interactive Brokers to Settle $38 Million in Penalties for Violating AML Procedures

Interactive Brokers LLC, a U.S based brokerage that skyrocketed between 2013 and 2018, has agreed to settle a total of $38 million with the...

Ethereum Gas Price Hasn’t Been This High Since its Launch

The price of Ether is back to making its way to $400 level as it hovers around $391 in the green with just $840...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today