2019 is finally coming to an end, i can't help but keep thinking that huge money will flow into crypto world soon, here are few reasons to back my claim
1. Banks are very slow in their reaction towards virtual currencies yet by now over 70% of central banks around the world are looking into crypto.
2. Major changes will surely rise because bigger transnational organizations are showing interest in crypto.
3. China is really leading the way with their upcoming owned central bank digital currency (CBDC) which will be the first of its kind.
4. To add to this list of mine i read somewhere that Mark Zuckerberg is pointing out to China as the reasons why U.S should act quickly in regard to crypto, he personally believes that U.S needs to see more progress with cryptocurrencies.
Honestly i believe Libra is supposed to bring a new huge changes to the world of international transactions but who can predict what will happen about Libra? Because Bitcoin is still the mother of all cryptocurrencies and Libra still relies on fiat currencies as underlying assets. Bitcoin is decentralized and other crypto assets with their own use cases and purposes will likely keep existing side by side of bitcoin. Wrong? Or Right? Drop me your points
1. Banks will fight them to the death, because many of them challenges the current system. Looking into crypto is far from adoption.
3-4. I can't see China leading anything productive, they are basically making a pegged token they can use to track their citizens and that's it.
Until US government realizes that making a working Crypto is too hard for them and they just end up adopting and regulating Libra, they will try to stop Libra by all means.
Later they will realize that they can use it as a surveillance tool for government.