How much Cryptocurrency will change in 2020?

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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.


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