Still, like Ripple’s Garlinghouse, Hoskinson thinks once the currency ICO bubble deflates, cryptocurrencies will continue to be an avenue for companies to raise money, but it will be done in a regulated and more constrained environment.
“Regardless of regulation ICOs are here to stay,” he said. “After it collapses they’re going to pick up the pieces and say how do we do things differently.”
This article was provided by Bloomberg News.