Blockchain Capital Co-Founder Gavin Brown: We'll See One or a Handful of Cryptos Win

Blockchain Capital co-founder Gavin Brown said that he expects that there will be only one or a handful of winners when it comes to cryptocurrency.

Brown made his remarks during an interview with CNBC published on April 23.

"These winners would obviously win big."

Brown further noted that he believes the participation of increasingly notorious companies in the crypto space will bring legitimacy.

According to him, there is a trend towards the democratization of money where individuals or companies can create currencies.

Still, Brown points out that people will trust the currency if they trust the underlying brand and products.

Brown claimed that Starbucks had over a billion dollars worth of assets from people who prepaid for their coffee because they trust the company and are confident that the product will be there when they want it.

He also cited the so-called Facebook coin, saying that it is "Probably the next big one." When asked if a world in which every major company issues its currency wouldn't be unnecessarily complicated, Brown pointed out that he expects alliances to form.

In Brown's opinion, such alliances would use the same cryptocurrency for transactions.

To provide an example, Brown cited JPMCoin, stating that about 270 banks already signed up to use the crypto asset.