Will Central Banks Collapse Bitcoin/ Cryptos?

Image from Marco Verch — professional Photographer

With the euphoria in the crypto world, we look into the possibility that governments could collapse cryptos.

Firstly, I would like to make clear that I currently hold assets in Bitcoin, Cardano, Etherum and Doge. I realise this subject is very devisise some love cryptos and some hate them. However, this has made this article even interesting for me to write. There is a little voice in the back of most rational individuals that asks how long will governments around the world, especially the United States, continue to allow for these cryptocurrencies to exist and prosper alongside their own currencies?

A bit of pretext:

Facebooks Libra

In 2017 Facebook hired Morgan Beller to start working on cryptocurrency and blockchain. By 2019 they had 50 engineers working on the project which was formally announced in June of that year with the name Libra. You see Mark Zuckerberg had been to mainland China and noticed that WeChat and AliPay were the main ways to transact in China. Every local merchant could accept payments and make payment all using QR codes and their phones with cash transactions almost gone. This has given those two companies Tencent and Alibaba almost complete control of the payment landscape in China with a treasure trove of data about their users. Mark Zuckerberg think this…