Things To Look Out For In Crypto In 2020

In the crypto world, things change very fast and the only constant thing seems to be ‘change’. Analysts predict that the coming years will bring lots of changes in cryptocurrencies in terms of; acceptance by the public, government, and financial institutions, usability, valuation, and so on. 

Notwithstanding, in the wake of the new year and decade, we will attempt to look at the essential things to look out for in 2020. 

Looking Forward To 2020

The Halving 

The next bitcoin halving is expected to come up in May 2020, and it could have a largescale impact on the price of Bitcoin. Bitcoin halvings are essential events for traders as they help to reduce the number of new Bitcoins generated on the network. With a limit in the supply of new coins, and subsequent increase in demand means there would be an upward trajectory on price. 

Independent Digital Currencies 

Countries are looking to create their own digital currency to balance the scale of economic power. China has already started work on its digital yuan, and there are already signs that the European Union will create a model as well. The new year will lead to more central bank digital currencies. 

The US decides 

2019 saw the talk of digital currency filter into politics. Facebook’s proposed entry into the cryptocurrency market saw it appear before Congress. With the US elections on the horizon, cryptocurrency will surely be on the agenda for both parties. 

Facebook Libra Launch 

Will Facebook finally launch its digital currency Libra? That’s the question on everyone’s lips. It is expected that the social media giant will move some steps closer in fulfilling its goals, but several bumps still await in the new year. 

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