Quote from: Coolcryptovator on June 30, 2019, 02:48:10 PM

Quote from: waitlevvy37 on June 19, 2019, 05:32:05 AM

There are many hype around Facebook project and launching its shitcoin whereas there are some "experts" who do mean that Libra cause the bitcoin growth? How is that possible?

I don't think current bitcoin growth due to Libra coin. Because bitcoin start bull run before Libra rumours (IMO). But likely Libra could reflect positive impact on total crypto-currency markets, just not only on bitcoin. Look like new investors coming into on bitcoin and that's the main reason of current bitcoin run. Libra would encourage to use crypto especially to all Facebook user. So its obviously a positive for crypto but not the cause of bitcoin growth IMO.

As mentioned libra doesn't have anything to do with the growth of bitcoin. All that we experience with the increase in the price of bitcoin is the real growth that is due to the investors who made the market grow and further kept the growth alive with continued investments. Libra being a stablecoin isn't a big deal, can see more marketplace to accept libra keeping its circulation big. Now bitcoin has fallen little ad this too is of the investors who take back the funds causing a drop in the market capital and not the fading of the news relative to libra.