Bullish CEO Tom Farley has forecasted significant consolidation within the cryptocurrency industry, suggesting that larger companies will acquire more projects in the near future. In an interview with CNBC, Farley noted that this trend could lead to a more unified market landscape. He argued that consolidation should have happened earlier, but inflated valuations have delayed the process, creating a false sense of optimism. Farley emphasized that many companies will soon recognize they "don't have a business, they only have a product."