Cryptocurrencies could become a significant part of the global financial infrastructure, but there's little or no need for the majority of the 1,200+ crypto coins that have been created to date, that's the main takeaway from Canaccord Genuity's fourth quarter quarterly crypto update.
Canaccord's Q4 update focuses on crypto coins, Blockchain and the ICO market, which has boomed this year as investors, speculators and (possibly) fraudsters try to get in on the action.
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Crypto coins boom Or Bubble?
A recent white paper from analysts at Canaccord concluded what many crypto proponents already know; the world will likely benefit from one or a few digital currencies.
The key is for these currencies...
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