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.
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