Post
Topic
Board Speculation
Re: Does Facebooks's Libra cause the growth of bitcoin?
by
Polar91
on 22/07/2019, 12:33:50 UTC
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?
From what i see maybe because facebook indirectly support crypto. And it which make bitcoin price growth because bitcoin is center or cryptocurrency. When something big or maybe a company that really influence support crypto, means good news for crypto itself.
If we are talking about cryptocurrency as a whole, we can undeniably say that Facebook's libra can help making it bigger and more popular for everyone however when we talk about its effect to Btc, it could be positive or negative. Positive in terms of trading since adding Libra as pair with Btc could boost Btc's value. Negative in a way that Btc's potential investors/users could rather prefer Facebook's libra.