Brad Garlinghouse, the CEO of Ripple, expects the biggest banks in the world to adopt cryptocurrencies in 2020. The CEO expects the top 20 biggest banking institutions in the world to hold and trade digital assets.
Along with other team members, he also anticipates that many government-backed currencies will be digitalized next year. Garlinghouse states that the industry will see some “consolidation” within crypto companies, meaning that many of them will probably disappear from the map.
“The world doesn’t need 2000+ digital assets. While I don’t think there will be one coin to rule them all, it’s clear that if an asset doesn’t have a proven use case beyond speculation, it is not going to survive.”
Also, Ethan Beard, SVP of Xpring, is certain that at least one country will have a central bank digital currency (CBDC).
Remember that Garlinghouse forecasted that 99 percent of all cryptocurrencies would eventually go to zero.