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ZUCKERBERG’S GIFT: Bitcoin’s LARGEST ALLY!

Jul 8, 2019 | Wealth Articles

Facebook’s Libra project was only just announced, but the next move for Bitcoin is as clear as it has ever been. My team has done tremendous research on it and we’ve sifted through all of the available data in the crypto markets. There’s only one conclusion for Bitcoin now, which is an unstoppable path to all-time highs and beyond.

There are other catalysts in effect, including the infrastructure build-out as well-known financial firms like Fidelity, E-Trade, and the Intercontinental Exchange lay the foundation for institutions to get into crypto. But it’s the Libra project that will potentially introduce cryptocurrency to 2.7 billion Facebook, Instagram, and WhatsApp users – not only millennials but also the millions of baby boomers who might have been skeptical or unaware of Bitcoin.

It’s not just about bringing retail investors into the fold; the Libra project will also bring mega-scale institutional money into the cryptocurrency space. Big-name partners like Visa, Mastercard, PayPal, Coinbase, Uber, eBay, and Spotify will each contribute a minimum of $10 million. 

Visa, Mastercard, and PayPal know they can’t compete with crypto forever, so they’re joining the cause – and committing big money.

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Unlike the altcoin-and-ICO-driven hype rally of 2017, the remarkable Bitcoin rally we’re seeing this year is a two-pronged attack comprising both retail traders and institutional money – the Libra project is bringing everyone on board.

This is the one that really sounds the alarm on the bull market: Central banks are even jumping on the bandwagon now. Agustín Carstens, the chief of the Bank for International Settlements (which is known as the central banks’ central bank) is making a complete U-turn and is now supporting cryptocurrencies. He’s even admitting that the Bank for International Settlements is currently working with central banks and supporting them in creating digital currencies.

The Bank for International Settlements is shifting bullish on crypto, just as institutional financiers are pouring money into cryptocurrency, and the price of Bitcoin is moving back towards previous highs at the same time as the Libra announcement.

We’re even seeing die-hard gold bugs joining in; they’re now realizing that it’s not an either/or situation: you can own both gold and Bitcoin as chaos hedges. Gold bug Peter Schiff, who has criticized Bitcoin investors, has just admitted that he himself owns Bitcoin, while well-known gold investor Mark Mobius admitted that if Bitcoin continues to grow, he’ll probably have to be a buyer himself.

The most important one for me, personally, is the bullish call from multibillionaire Wall Street veteran, Henry Kravis, who invested in a cryptocurrency fund for the first time – it’s a trend among the wealthy elite that’s going to continue well into next year.

Not everybody’s fully on board yet: economist Joseph Stiglitz remains wary of the Libra project, while Galaxy Digital founder Mike Novogratz sees more upside for Bitcoin but expects it to remain in the $10,000-to-$14,000 range for a while.

I’m not expecting everyone to turn into a Bitcoin bull overnight – these things take time. At the very least, the Libra project will prove that this Bitcoin rally is nothing like 2017: it’s real, it’s sustainable, and it’ll make a fortune for a lot of smart investors.

Best Regards,

Brad Robbins
President, PureBlockchainWealth.com

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Legal Notice:
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.Please read our full disclaimer at PureBlockchainWealth.com/disclaimer

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Mark Zuckerberg just gave the crypto industry the ultimate middle finger. This guy has gone from hoodie-wearing millennial social media maven to perceived security threat within the span of just a few weeks. #Marketwatch #Yahoofinance #Bloomberg #wsj

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Facebook’s Libra project was only just announced, but the next move for Bitcoin is as clear as it has ever been. #Marketwatch #Yahoofinance #Bloomberg #wsj

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The great thing about reading the financial news every day is that sometimes you can actually see the future as it’s unfolding. @icoxinnovations

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It’s just too easy: Bitcoin has broken through the $12,500 mark like it was destined to do, but that’s just another pit stop along the way to BTC’s previous all-time high of around $20,000. #Marketwatch #Yahoofinance #Bloomberg #wsj

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