Ожидания роста поглощений в криптовалютной сфере: CEO Bullish предсказывает консолидацию Translation: Expectations of an Increase in Acquisitions in the Cryptocurrency Sphere: CEO Bullish Predicts Consolidation

In the coming months, the cryptocurrency market is expected to see an increase in acquisitions of projects by larger firms, potentially leading to a significant reduction in fragmentation. This view was expressed by Tom Farley, the CEO of Bullish, during an interview with CNBC.

«I have worked in the exchange sector during a period of continuous large-scale consolidation. The same will begin to happen in the cryptocurrency industry,» he stated.

Before 2018, Farley served as president of the New York Stock Exchange. In his opinion, the recent decline in digital assets has acted as a major catalyst for this prediction.

Moreover, the executive believes that a correction should have occurred earlier—about a year or two ago—but inflated valuations sustained false optimism.

«The dream is coming to an end. People will realize that they do not have businesses, they have products, so they need to merge and scale, and that will happen,» added the CEO of Bullish.

Consolidation within the crypto industry may have both positive and negative effects. Larger companies will absorb inefficient projects, but this process risks causing duplication of functions, layoffs, and internal upheavals in the sector, Farley noted.

At the time of writing, Bitcoin is trading around $69,000. The asset has dropped approximately 45% from its peak of $126,000.

It is worth mentioning that the market correction resulted in multibillion-dollar losses for Strategy, with the company’s operating loss reaching $17.4 billion.