Crypto entrepreneur Vinny Lingham says global governments will push back against cryptos like Bitcoin, and many will issue their own coins.
Speaking with CT during the Money20/20 conference Sunday, Lingham – also the CEO of Blockchain identity startup Civic – stated that cryptocurrency markets need time to regain previous volumes, arguing that the market’s priorities have shifted: “Now the world is waiting for utility, when people will actually start to use the cryptocurrencies.”
Lingham also said that governments globally are poised to push back against Bitcoin (BTC), as “it threatens their ability to make money.”
The investor also added that central bank-issued cryptocurrencies are imminent:
“Every country will issue their own cryptocurrencies. Many countries will. And that will become interesting. And that is going to happen.”
“Sometimes it’s just simple as time,” Lingham concluded the interview.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.