Bullish CEO: The crypto industry is set for large-scale consolidation

PANews, February 8th – According to Cointelegraph, Bullish CEO Tom Farley stated in an interview with CNBC that the cryptocurrency industry may see a trend of more projects being acquired by large companies, which could further unify the industry landscape in the coming months. Farley believes that industry consolidation should have occurred a year or two ago, but excessively high valuations sustained a false sense of optimism. Many companies will realize that "they have no business, only products."