Facebook to launch its own cryptocurrency with a massive ICO expected to dwarf the 1.2 billion dollars raised by Telegram.
While everybody in the crypto space have been waiting for Amazon,could Facebook be the first major company to enter the Cryptocurrency market?According to sources, social media giant Facebook is planning to diversify its product line with a cryptocurrency of its own – Facebook Coin $FBC .The development has not been officially announced, but reportedly the coin is to be launched within the next two weeks.
Could a BIG announcement during this weeks Consensus be the beginning of a massive Bullrun?
Even NYSE is planning to join us .
Is this the main Adoption we have been waiting for?Could all this Push the price of Bitcoin to 100k?Only time will tell.Fingers crossed people.Cheers
If you feeling generous:
BTC 18mwEpyaDjwZbJeuqEo9nbg7ACJcCXW2Zx
ETH 0xa5a31be7f2e14d6bbcbadbbef9a914c9e7619fa4
LTC LfdeJeuidGDEQbt2XN3nSvqisPeKgoatvw
Binance referral https://www.binance.com/?ref=11036205
This could also result in BitCoin being subject to a hostile takeover by parties that might consider it in their best interests to damage the value of BitCoin. Driving the prices of certain commodities down is something that has been done for years... It might also result in reserve bank(s), certain governments, or alphabet agencies, owning a majority share in BitCoin...
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Or we could see all securities moving into tokenization wich is what ,Novagratz and O`leary believe is going to happen in the next 5 years,People have no Idea how Much derivatives are all there.Remember The Dolly scandal?Securities are a SCAM.
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Either way, BitCoin trading on the stock exchange isn't necessarily necessarily a good thing.
And if BitCoin goes as high as some are suggesting ($100K+) then governments would likely legitimize BitCoins as a currency and tax those who invested in them - like they tax those who invest in any other currency or commodity.
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That's normal and necessary, Fx used to be 40% tax now is much much lower.same goes for stocks.Adoption comes with regulations.Plus in Japan Bitcoin is already a legit currency
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Japan is but one country.
And call me cynical, but any currency with a mere 21 million units in it is going to be waaaaaaay too expensive for most people to use.
I fear the ship may have already sailed with BitCoin. I didn't get on board in time. Can't be helped...
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