Quote from: Novatech8 on December 24, 2019, 10:46:32 AM

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

I think US still afraid of cryptocurrency domination with its own currency the US dollar. if the facebook's cryptocurrency Libra will become successfully launched and use with its billions of facebook users worldwide im sure it was a really big development to watch that maybe can affect the US dollar superiority in the long run. that's why US regulators still doubting in the cryptocurrency development particularly the Facebook cryptocurrency project called Libra.