Cryptocurrency
has speculation as to its heart. People involved in investments in
cryptocurrency keep putting assumption about the prices of different
assets such as Bitcoin and ripple
cryptocurrency. This
guesswork is also supposed to excite in the coming year 2020. A lot
many various events might make the next year the most speculative for
people related to cryptocurrency. It would hence be the best time to
have a glance at the changes that might affect cryptocurrency in the
year 2020.
If
you too area ripple cyrptocurrency or any other asset form
enthusiast, here are a few factors that might affect you in the
coming year:-
- Libra: - Libra is one major asset-backed stable coin that has gained popularity on Facebook. The coin might be out by the summers of the year 2020, and its success is highly speculated. It has gained acceptance and support from the big names like UBER, and members of the KUSHNER family.
On
the other hand, the names that are still not sure about the fate of
this form of cryptocurrency include eBay, Paypal. Whatever might be
the end of faith, but it is inevitable that when it comes out, Libra
shall have a user base of around 150millinpeople.
The
launch of Libra is a change that might impact cryptocurrency in the
year 2020.
- Crypto currency’s patch up with Fintech: - The coming year of20202 would be the year of doing or die for cryptocurrency. This year, there would not be time to explain the efficiency and use of cryptocurrency in the future. Hence it would be the time to give the users a platform where all their crypto currency’s transactions would be sorted, and all their records management and tax management would be done on the same platform.
Launch
of Libra would further escalate things, and hence, the year shall
undoubtedly prove to be conclusive to the future of cryptocurrency.
- Saturation: - Another major factor that might impact the cryptocurrency users in the year2020 is the law of congestion. Every market is bound to reach a saturation point at some point or the other. With the number of coins increasing drastically in the last two years, a lot of people joined the market to gain quick money, although things might change this year.
With
an increase in the capital investment from big players and a drop in
the chances of new coins entering the market, it is pretty
predictable that quick coin gainers are about to die. This might
officially be referred to as the attainment of the saturation point
of the cryptocurrency market.
- Check: - Up until now, ripple cryptocurrency and other forms of technological finance always escaped the government’s eye. This was mainly because the feds thought it wasn’t making a real difference to the government’s revenue because it wasn’t the platform that millennial used.
This
scenario is definitely about to change in the year 2020.
Cryptocurrency investments and investors are about to fall under
intense government scrutiny. It has already been announced by the
‘Internal revenue services’ department that cryptocurrency would
now be officially under the examination of the federal law. The
government has also published guidelines on reporting cryptocurrency
to the tax department in the coming season.
Conclusion
- Given factors assure one and all that cryptocurrency is set to be changed for good in the coming year. There are a lot of different factors that might contribute to the change. It is, hence, inevitable for all the crypto currency investors to have jitters and speculate about its scope in the future.
About
the Author: Evan is a professional writer who loves to write about
crypto-currency, ripple coin, current news on ripple and latest
updates. He is an expert and loves to share his experience with the
world.
Email:
ripplecoinnews01@gmail.com
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