{"id":386654,"date":"2019-06-19T12:28:38","date_gmt":"2019-06-19T12:28:38","guid":{"rendered":"https:\/\/wncen.com\/?p=386654"},"modified":"2024-06-11T13:44:21","modified_gmt":"2024-06-11T13:44:21","slug":"bitcoin-bulls-facebook-libra-btc-20000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/","title":{"rendered":"Bitcoin to Surge Past $20,000? Facebook&#8217;s Libra Could Send BTC Flying"},"content":{"rendered":"<p>By many measures, Tuesday was the biggest day for Bitcoin (BTC) and crypto ever. As some quipped on what is affectionately known as &#8220;Crypto Twitter&#8221;, yesterday was a &#8220;turning point&#8221; for the entire industry. If you&#8217;ve been living under a rock, here&#8217;s a recap.<\/p>\n<h6 style=\"text-align: center\">Related Reading: <a href=\"https:\/\/wncen.com\/2019\/06\/19\/bitcoin-btc-price-uptrend-intact-bulls-sighting-fresh-increase\/\">Bitcoin (BTC) Price Uptrend Intact: Bulls Sighting Fresh Increase<\/a><\/h6>\n<p>During the wee hours of Tuesday morning, <a href=\"https:\/\/wncen.com\/2018\/12\/16\/facebook-blockchain-arm-booms\/\">Facebook<\/a>, making good on months of rumors and speculation, unveiled Libra, the world&#8217;s first Silicon Valley-backed cryptocurrency. <a href=\"https:\/\/wncen.com\/2019\/02\/05\/facebook-takes-another-step-closer-to-cryptocurrency\/\">True to leaks published<\/a> over recent months, the project was <a href=\"https:\/\/wncen.com\/2019\/06\/18\/analyst-facebooks-libra-could-introduce-billions-of-people-to-bitcoin-will-it-help-fuel-the-next-rally\/\">revealed<\/a> to be a stablecoin, backed by a basket of assets that includes but isn&#8217;t limited to the United States Dollar.<\/p>\n<p>What was also confirmed was that Libra, which quickly occupied the headlines of every mainstream media outlet \u2014 from Bloomberg to the New York Times \u2014 was <a href=\"https:\/\/wncen.com\/2019\/06\/14\/facebook-recruits-heavyweights-like-visa-for-its-crypto-why-though\/\">backed by corporate giants.<\/a> Visa, Mastercard, Booking Holdings (Booking.com, Kayak, etc.), Uber, Spotify, Coinbase, and notable venture capitalists.<\/p>\n<p>Interestingly, while Libra appeals to the public more than it does to the Bitcoin-lauding decentralists, most in the cryptocurrency community has begun to embrace this venture. In fact, some state that this project has the potential not only to decimate the need for altcoins but boost BTC to new highs too.<\/p>\n<h2><strong>Bitcoin Bulls Welcome Libra With Open Arms<\/strong><\/h2>\n<p>At launch, Libra is expected to be the, as <a href=\"https:\/\/wncen.com\/2019\/06\/18\/pro-or-anti-bitcoin-crypto-community-divided-amid-facebook-coin-launch\/\">HTC&#8217;s Phil Chen puts it<\/a>, the &#8220;antithesis&#8221; of Bitcoin. While the development of the blockchain and its in-house programming language &#8220;Move&#8221; will be open-sourced, nodes are expected to be permissioned at launch.<\/p>\n<p>Yet, many are bullish on the project anyways. In a comment issued via Twitter, Max Keiser, a prominent anti-establishment proponent (that wants to burn fiat at an upcoming Bitcoin conference), explained that Facebook&#8217;s cryptocurrency will be instrumental in the success \u2014 not downfall \u2014 of Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">It\u2019s built into the protocol\u2019s genesis block that eventually a heavyweight like <a href=\"https:\/\/twitter.com\/search?q=%24fb&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$fb<\/a> would take on BTC. This increased awareness and appeal to would-be potentates will, of course, drive the hashrate to new highs, leading to new ATH for BTC price. Zuck is Satoshi\u2019s useful idiot.<\/p>\n<p>&mdash; Max Keiser (@maxkeiser) <a href=\"https:\/\/twitter.com\/maxkeiser\/status\/82929155?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 18, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Keiser remarked that built into Bitcoin&#8217;s Genesis Block is code that tacitly awaited the arrival of a &#8220;heavyweight&#8221; like Facebook into the cryptocurrency ecosystem. He explains that with the increased awareness and appeal of the digital asset class achieved via Libra&#8217;s widespread adoption, Bitcoin should directly benefit.<\/p>\n<p>More specifically, the investor, who speculated in 2011 that BTC will eventually surmount the auspicious price point of $100,000, noted that Libra will inherently drive Bitcoin&#8217;s hash rate higher. This, due to simple network effects and the capex (capital expenditures) of miners, should be the catalyst that drives BTC to new all-time highs, meaning past $20,000.<\/p>\n<p>The RT contributor, who recently released a series outlining Bitcoin&#8217;s history dubbed <a href=\"https:\/\/www.rt.com\/shows\/to-the-moon\/\" rel=\"nofollow\">&#8220;To The Moon&#8221;<\/a>, claimed that by virtue of green lighting Libra, Facebook&#8217;s Mark Zuckerberg is now a &#8220;BTC drone.&#8221;<\/p>\n<p>What Keiser seems to be postulating is that with Libra, Zuckerberg will do everything in his power to push the adoption of his latest venture, leading to a direct inflow of capital and interest to Bitcoin as a result.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Here\u2019s the absolute truth <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> has turned Mark Zuckerberg out. He\u2019s a BTC drone now. He works for us. His capital, distribution, and ambition will annihilate Congress, regulators, Central Banks and Wall St. <\/p>\n<p>Satoshi planned this all along. It\u2019s baked into the protocol. <a href=\"https:\/\/t.co\/2P9lN7KgZP\" rel=\"nofollow\">pic.twitter.com\/2P9lN7KgZP<\/a><\/p>\n<p>&mdash; Max Keiser (@maxkeiser) <a href=\"https:\/\/twitter.com\/maxkeiser\/status\/02344960?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 19, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Fundstrat&#8217;s Tom Lee, known for his incessant optimism regarding the cryptocurrency market, agreed with Keiser&#8217;s quip. As<a href=\"https:\/\/wncen.com\/2019\/06\/19\/tom-lee-bitcoin-price-btc\/\"> reported by NewsBTC previously<\/a>, the Bitcoin-centric markets researcher claimed that the Facebook digital asset is &#8220;complementary&#8221; to Bitcoin, not anything else.<\/p>\n<p>In fact, Lee went as far as to say that with this recent news regarding the Silicon Valley firm in mind, he would be inclined to suggest that $10,000 is right on the horizon for BTC. And, as this outlet <a href=\"https:\/\/wncen.com\/2019\/06\/09\/bitcoin-10000-kickstart-mass-fomo-quadruple-btc-fundstrat\/\">has covered previously<\/a>, once $10,000 is breached, the analyst believes that $40,000 will follow shortly thereafter.<\/p>\n<h2>Bound to Run Into Issues<\/h2>\n<p>Libra&#8217;s launch hasn&#8217;t been cut and dried, however, despite what reports may suggest. Mere hours, maybe minutes after the press embargo broke on Facebook Libra, lawmakers were already commenting scathingly on the news.<\/p>\n<p>Speaking to an audience in Portugal, Mark Carney, the Governor of the Bank of England, pledged to scrutinize the cryptocurrency.\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-06-18\/carney-says-facebook-token-to-face-highest-regulatory-standards\" rel=\"nofollow\">First reported<\/a> by Bloomberg, the regulator said that the Group of Seven (G7), the largest economies on Earth, will ensure that Libra abides by the \u201chighest standards of regulation\u201d.<\/p>\n<p>Carney&#8217;s peer over in France, Bruno Le Maire followed suit just after, claiming that he is fearful that Libra could be used to harvest data, launder money, and finance terrorism. Similar terms were used in his comment to those used in anti-Bitcoin regulatory statements. Le Maire explained:<\/p>\n<blockquote><p>\u201cThis money will allow this company to assemble even more data, which only increases our determination to regulate the internet giants.\u201d<\/p><\/blockquote>\n<p>Most recently and most notably, United States Representative Maxine Waters has\u00a0called\u00a0for Facebook to halt Libra in its tracks. She, like her peers over in Europe, expressed the sentiment that Libra could become a threat about online privacy.<\/p>\n<p>Waters added that she is also concerned about \u201cnational security concerns, cybersecurity risks, and trading risks that are posed by cryptocurrencies,\u201d citing Facebook\u2019s \u201ctroubled past\u201d.<\/p>\n<p>It is currently unclear how this will (or will not) hamper Libra, and thus Bitcoin. But this will be interesting to watch unfold over the next couple of weeks and months.<\/p>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>By many measures, Tuesday was the biggest day for Bitcoin (BTC) and crypto ever. As some quipped on what is affectionately known as &#8220;Crypto Twitter&#8221;, yesterday was a &#8220;turning point&#8221; for the entire industry. If you&#8217;ve been living under a rock, here&#8217;s a recap. Related Reading: Bitcoin (BTC) Price Uptrend Intact: Bulls Sighting Fresh Increase During the wee hours of Tuesday morning, Facebook, making good on months of rumors and speculation, unveiled Libra, the world&#8217;s first Silicon Valley-backed cryptocurrency. True to leaks published over recent months, the project was revealed to be a stablecoin, backed by a basket of assets that includes but isn&#8217;t limited to the United States Dollar. What was also confirmed was that Libra, which quickly occupied the headlines of every mainstream media outlet \u2014 from Bloomberg to the New York Times \u2014 was backed by corporate giants. Visa, Mastercard, Booking Holdings (Booking.com, Kayak, etc.), Uber, Spotify, Coinbase, and notable venture capitalists. Interestingly, while Libra appeals to the public more than it does to the Bitcoin-lauding decentralists, most in the cryptocurrency community has begun to embrace this venture. In fact, some state that this project has the potential not only to decimate the need for altcoins but boost BTC to new highs too. Bitcoin Bulls Welcome Libra With Open Arms At launch, Libra is expected to be the, as HTC&#8217;s Phil Chen puts it, the &#8220;antithesis&#8221; of Bitcoin. While the development of the blockchain and its in-house programming language &#8220;Move&#8221; will be open-sourced, nodes are expected to be permissioned at launch. Yet, many are bullish on the project anyways. In a comment issued via Twitter, Max Keiser, a prominent anti-establishment proponent (that wants to burn fiat at an upcoming Bitcoin conference), explained that Facebook&#8217;s cryptocurrency will be instrumental in the success \u2014 not downfall \u2014 of Bitcoin. It\u2019s built into the protocol\u2019s genesis block that eventually a heavyweight like $fb would take on BTC. This increased awareness and appeal to would-be potentates will, of course, drive the hashrate to new highs, leading to new ATH for BTC price. Zuck is Satoshi\u2019s useful idiot. &mdash; Max Keiser (@maxkeiser) June 18, 2019 Keiser remarked that built into Bitcoin&#8217;s Genesis Block is code that tacitly awaited the arrival of a &#8220;heavyweight&#8221; like Facebook into the cryptocurrency ecosystem. He explains that with the increased awareness and appeal of the digital asset class achieved via Libra&#8217;s widespread adoption, Bitcoin should directly benefit. More specifically, the investor, who speculated in 2011 that BTC will eventually surmount the auspicious price point of $100,000, noted that Libra will inherently drive Bitcoin&#8217;s hash rate higher. This, due to simple network effects and the capex (capital expenditures) of miners, should be the catalyst that drives BTC to new all-time highs, meaning past $20,000. The RT contributor, who recently released a series outlining Bitcoin&#8217;s history dubbed &#8220;To The Moon&#8221;, claimed that by virtue of green lighting Libra, Facebook&#8217;s Mark Zuckerberg is now a &#8220;BTC drone.&#8221; What Keiser seems to be postulating is that with Libra, Zuckerberg will do everything in his power to push the adoption of his latest venture, leading to a direct inflow of capital and interest to Bitcoin as a result. Here\u2019s the absolute truth #Bitcoin has turned Mark Zuckerberg out. He\u2019s a BTC drone now. He works for us. His capital, distribution, and ambition will annihilate Congress, regulators, Central Banks and Wall St. Satoshi planned this all along. It\u2019s baked into the protocol. pic.twitter.com\/2P9lN7KgZP &mdash; Max Keiser (@maxkeiser) June 19, 2019 Fundstrat&#8217;s Tom Lee, known for his incessant optimism regarding the cryptocurrency market, agreed with Keiser&#8217;s quip. As reported by NewsBTC previously, the Bitcoin-centric markets researcher claimed that the Facebook digital asset is &#8220;complementary&#8221; to Bitcoin, not anything else. In fact, Lee went as far as to say that with this recent news regarding the Silicon Valley firm in mind, he would be inclined to suggest that $10,000 is right on the horizon for BTC. And, as this outlet has covered previously, once $10,000 is breached, the analyst believes that $40,000 will follow shortly thereafter. Bound to Run Into Issues Libra&#8217;s launch hasn&#8217;t been cut and dried, however, despite what reports may suggest. Mere hours, maybe minutes after the press embargo broke on Facebook Libra, lawmakers were already commenting scathingly on the news. Speaking to an audience in Portugal, Mark Carney, the Governor of the Bank of England, pledged to scrutinize the cryptocurrency.\u00a0First reported by Bloomberg, the regulator said that the Group of Seven (G7), the largest economies on Earth, will ensure that Libra abides by the \u201chighest standards of regulation\u201d. Carney&#8217;s peer over in France, Bruno Le Maire followed suit just after, claiming that he is fearful that Libra could be used to harvest data, launder money, and finance terrorism. Similar terms were used in his comment to those used in anti-Bitcoin regulatory statements. Le Maire explained: \u201cThis money will allow this company to assemble even more data, which only increases our determination to regulate the internet giants.\u201d Most recently and most notably, United States Representative Maxine Waters has\u00a0called\u00a0for Facebook to halt Libra in its tracks. She, like her peers over in Europe, expressed the sentiment that Libra could become a threat about online privacy. Waters added that she is also concerned about \u201cnational security concerns, cybersecurity risks, and trading risks that are posed by cryptocurrencies,\u201d citing Facebook\u2019s \u201ctroubled past\u201d. It is currently unclear how this will (or will not) hamper Libra, and thus Bitcoin. But this will be interesting to watch unfold over the next couple of weeks and months. Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":386720,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,6664,6782],"class_list":["post-386654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-industry"],"acf":[],"yoast_head":"\n<title>Bitcoin to Surge Past $20,000? Facebook&#039;s Libra Could Send BTC Flying<\/title>\n<meta name=\"description\" content=\"By many measures, Tuesday was the biggest day for Bitcoin (BTC) and crypto ever. As some quipped on what is affectionately known as &quot;Crypto Twitter&quot;,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin to Surge Past $20,000? Facebook&#039;s Libra Could Send BTC Flying\" \/>\n<meta property=\"og:description\" content=\"By many measures, Tuesday was the biggest day for Bitcoin (BTC) and crypto ever. As some quipped on what is affectionately known as &quot;Crypto Twitter&quot;,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-19T12:28:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:44:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/shutterstock_686589340.jpg?fit=1000%2C667\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nick Chong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Chong\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/\"},\"author\":{\"name\":\"Nick Chong\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\"},\"headline\":\"Bitcoin to Surge Past $20,000? Facebook&#8217;s Libra Could Send BTC Flying\",\"datePublished\":\"2019-06-19T12:28:38+00:00\",\"dateModified\":\"2024-06-11T13:44:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/\"},\"wordCount\":846,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/shutterstock_686589340.jpg?fit=1000%2C667\",\"keywords\":[\"bitcoin\",\"crypto\",\"industry\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/\",\"name\":\"Bitcoin to Surge Past $20,000? Facebook's Libra Could Send BTC Flying\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/shutterstock_686589340.jpg?fit=1000%2C667\",\"datePublished\":\"2019-06-19T12:28:38+00:00\",\"dateModified\":\"2024-06-11T13:44:21+00:00\",\"description\":\"By many measures, Tuesday was the biggest day for Bitcoin (BTC) and crypto ever. As some quipped on what is affectionately known as \\\"Crypto Twitter\\\",\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/shutterstock_686589340.jpg?fit=1000%2C667\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/shutterstock_686589340.jpg?fit=1000%2C667\",\"width\":1000,\"height\":667},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin to Surge Past $20,000? Facebook&#8217;s Libra Could Send BTC Flying\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\",\"name\":\"Nick Chong\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g\",\"caption\":\"Nick Chong\"},\"description\":\"I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.\",\"url\":\"https:\/\/wncen.com\/author\/nickchong\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin to Surge Past $20,000? Facebook's Libra Could Send BTC Flying","description":"By many measures, Tuesday was the biggest day for Bitcoin (BTC) and crypto ever. As some quipped on what is affectionately known as \"Crypto Twitter\",","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin to Surge Past $20,000? Facebook's Libra Could Send BTC Flying","og_description":"By many measures, Tuesday was the biggest day for Bitcoin (BTC) and crypto ever. As some quipped on what is affectionately known as \"Crypto Twitter\",","og_url":"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-06-19T12:28:38+00:00","article_modified_time":"2024-06-11T13:44:21+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/shutterstock_686589340.jpg?fit=1000%2C667","type":"image\/jpeg"}],"author":"Nick Chong","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Nick Chong","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/"},"author":{"name":"Nick Chong","@id":"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a"},"headline":"Bitcoin to Surge Past $20,000? Facebook&#8217;s Libra Could Send BTC Flying","datePublished":"2019-06-19T12:28:38+00:00","dateModified":"2024-06-11T13:44:21+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/"},"wordCount":846,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/shutterstock_686589340.jpg?fit=1000%2C667","keywords":["bitcoin","crypto","industry"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/","url":"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/","name":"Bitcoin to Surge Past $20,000? Facebook's Libra Could Send BTC Flying","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/shutterstock_686589340.jpg?fit=1000%2C667","datePublished":"2019-06-19T12:28:38+00:00","dateModified":"2024-06-11T13:44:21+00:00","description":"By many measures, Tuesday was the biggest day for Bitcoin (BTC) and crypto ever. As some quipped on what is affectionately known as \"Crypto Twitter\",","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/shutterstock_686589340.jpg?fit=1000%2C667","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/shutterstock_686589340.jpg?fit=1000%2C667","width":1000,"height":667},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin to Surge Past $20,000? Facebook&#8217;s Libra Could Send BTC Flying"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a","name":"Nick Chong","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g","caption":"Nick Chong"},"description":"I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.","url":"https:\/\/wncen.com\/author\/nickchong\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin to Surge Past $20,000? Facebook&#8217;s Libra Could Send BTC Flying","url":"http:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-bulls-facebook-libra-btc-20000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/shutterstock_686589340.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/shutterstock_686589340.jpg?fit=1000%2C667"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Nick Chong"}],"creator":["Nick Chong"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","crypto","industry"],"dateCreated":"2019-06-19T12:28:38Z","datePublished":"2019-06-19T12:28:38Z","dateModified":"2024-06-11T13:44:21Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin to Surge Past $20,000? Facebook&#8217;s Libra Could Send BTC Flying\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bulls-facebook-libra-btc-20000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bulls-facebook-libra-btc-20000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/shutterstock_686589340.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/shutterstock_686589340.jpg?fit=1000%2C667\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Nick Chong\"}],\"creator\":[\"Nick Chong\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"crypto\",\"industry\"],\"dateCreated\":\"2019-06-19T12:28:38Z\",\"datePublished\":\"2019-06-19T12:28:38Z\",\"dateModified\":\"2024-06-11T13:44:21Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/shutterstock_686589340.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/386654"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/497"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=386654"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/386654\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/386720"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=386654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=386654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=386654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}