Even crypto bulls expect a big shake out this year: 'The market right now is just everyone wants a Lamborghini'

Even crypto bulls expect a big shake out this year: ‘The market right now is just everyone wants a Lamborghini’

Lamborghini Huracan Performante car is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2017. Lamborghini Huracan Performante car is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2017. REUTERS/Arnd Wiegmann Startups raised over $5 billion issuing their own digital currencies last year and there are now over 1,400 in circulation. "In 2018 what’s going to happen is some consolidation of the market," cofounder of cryptocurrency IOTA tells BI. "I think there will be a shake-out of these ICOs," private equity veteran and cryptocurrency enthusiast Doug Barrowman says. […]