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

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Bockhain entrepreneur and industry advisor Vinny Lingham told Cointelegraph in an interview Oct. 21 that cryptocurrency prices will surge again, but it will take some time.

Talking with CT in the course of the Money20/20 convention Sunday, Lingham – also the CEO of Blockchainidentity startup Civic – stated that cryptocurrency markets want time to regain preceding volumes, arguing that the marketplace’s priorities have shifted: “Now the sector is looking forward to softwarewhilst humans will truely 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.

Back in June 2017, Lingham had made a statement that Bitcoin was “better money” than Ethereum (ETH).

In May 2017, Lingham, made a similar prediction to this week’s, asking the crypto community “to be patient” for Bitcoin’s price to grow – which it subsequently did manyfold.

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