PANews reported on February 8th, citing Cointelegraph, that Bullish CEO Tom Farley stated in an interview with CNBC that the cryptocurrency industry may see more projects being acquired by larger companies, potentially leading to a more unified landscape in the coming months. Farley believes that industry consolidation should have occurred a year or two ago, but inflated valuations have maintained a false sense of optimism. Many companies will realize that "they don't have a business, they only have a product."