Manatt Fintech and Blockchain and Cryptocurrency practices Leader Brian Korn was quoted in a Law360 article about how the cryptocurrency industry continues to be volatile as investors seek more conservative strategies.
Though the market for technology and info-tech business deals remains active, Korn said the circumstances have changed in the past few years. Before a business could raise $5-$10 million with “a handful of people and white paper,” Korn said, but that may change.
"As businesses start to lose the ability to raise more capital, they will start to look for acquisition or merger partners," Korn said. "But there will be a contraction in the number of [crypto] firms out there, and the best technology will win out."
Law360 subscribers can read the full article here.