More

    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 =$6,775.1738 change ~ -1.49%

    Coin Market Cap

    $124.04 Billion

    24 Hour Volume

    $5.37 Billion

    24 Hour VWAP

    $6.81 K

    24 Hour Change

    $-100.6799

    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

    3,366FansLike
    2,784FollowersFollow
    4,136FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    General Motors (GM) Files Blockchain-Based Map Network Patent for Autonomous Vehicles

    General Motors (GM) plans to build a self-updating navigation system on blockchain to allow use across “specific roads” on autonomous vehicles. In a newly...

    BTC Proposes a Greater Value Than Gold; $670M Transferred For 26 Cents Within Its Network

    Bitcoin’s value proposition in fund transfers is so far one of the most cost-friendly avenues to send money globally. A recent transaction within its...

    COVID-19's Impact On The Economy Claims Another Business as Cambrial Capital to Shut Down

    Cambrial Capital which focuses on a Crypto fund of funds is set to shut down its operations in the near future according to insiders...

    Apple’s New Intelligent Prevention Tracking (ITP) on iOS Threatens Burner Wallets Existence

    Apple’s recent upgrade on the Safari WebKit might soon phase out the convenience of burner wallets within the cryptocurrency space for its users. ...

    Galaxy Digital's Mike Novogratz: This Is The Year For BTC Or I Might ‘Hang Up My Spurs'

    Bitcoin proponent, Mike Novogratz is still “most excited” about the world's leading cryptocurrency but “if it doesn't go all out by the end of...

    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.