20 World Biggest Banks To Trade Bitcoin in 2020- Brad Garlinghouse (Ripple’s CEO)
The Ripple Chief Executive Officer,Brad Garlinghouse anticipates the world’s biggest banks to embrace cryptocurrencies in 2020. The Chief Executive Officer expects the top 20 biggest banking institutions in the world to hold and trade digital currencies.
Together with other team members, he also believes that many government-backed currencies will be digitalized in 2020. According to him, 2020 will be a digital year.
Garlinghouse (Ripple CEO) stated that the industry will see some “consolidation” within crypto companies, meaning that many of them will will merge and some taken over and thus drive many industries out of business map.
In Garlinghouse’s words,
“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.”
In the same vein, Ethan Beard, SVP of Xpring, expressed his certainty that at least one country will have a central bank digital currency (CBDC).
Remember that Garlinghouse predicted that up to 99 percent of all cryptocurrencies would eventually drop to zero.