Post
Topic
Board Speculation
Re: Bitcoin prices skyrocket thanks to Facebook
by
jakelyson
on 19/06/2019, 15:27:38 UTC
OP is overestimating the influence of Libra to Bitcoin. Bitcoin is already in a bull trend long before the announcement of Libra. I do not see it affecting the price of Bitcoin.

Some investors say the social networking plan is encouraging people to buy Bitcoin.

While the head of the project said that Libra is distancing itself from Bitcoin. https://cointelegraph.com/news/head-of-facebooks-libra-distances-it-from-btc-well-share-information-with-authorities
I do not think that is an encouragement to buy Bitcoin.