Why Former Wall St Exec Says Facebook Crypto Push Would Boost Bitcoin5

Bitcoin (BTC) hasn’t done all too hot over the past ten days, finally floundering above $9,000 to fall to $7,500, where the crypto sits now. In spite of this bearish price action, coupled with warnings that a move even lower is around the corner, there could be one industry catalyst that drives Bitcoin higher in the coming weeks.

This catalyst is believed to be Facebook’s cryptocurrency, dubbed “Globalcoin” or “Libra”, whose white paper is slated to be published by next week. Analysts believe that this venture from the social media heavyweight will validate the idea of digital currencies, thus pushing the adoption of BTC and its brethren.

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