Blockchain Investor Vinny Lingham: ‘Bitcoin Threatens Gov’ts’ Ability to Make Money’
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.