Bitcoin Price Increasing Because Of Libra?

[TERENCIO]

I agree that Libra is one of the reasons that drive the increase of Bitcoin price  after the Facebook announcement.  It drives the interest of people again to invest in cryptocurrency. Because of Libra the dull moments of crypto is lighten up.

[mlawson71]

I hadn't looked at it that way but you are making a very good point!

[Whate]

in my opinion, libra is only one factor in order to increase the value of bitcoin. so it is impossible for a bitcoin-class digital currency to depend on libra in increasing its value.

[Bobcrypto]

Actually every positive news about bitcoin and altcoins changes the crypto market conditions, and the news about Facebook Libra coin launching has contributed to the price pump on bitcoin and many altcoins.The more some positive or negative news, the possibility of a drop or rise in bitcoin and many altcoins. I think we needed positive news on crypto to enhance further adoption.

[bountyecrire]

No way, but it does get some attention and cover in mainstream media. Also some people who think bitcoin is scam now thinks it might be legit, because a big company like facebook is going for it (blockchain). But there will be pumps because of ETFs.

[Stuart]

The Facebook coin, Libra is a coin that is yet to be listed into the crypto exchange. Every news in crypto ecosystem has its own effect on the entire price market (mostly bitcoin), these news could either be bad or good, and we all need the good news. Libra is a stable coins as stated in their article, and it affecting the price of bitcoin could be true, but can't be a major factor to the price rise of bitcoin.

[zilzylian]

Libra coins surprise the crypto world because they have many Facebook users around the world.
Every day I see articles about Bitcoin and Libra coins and one of the articles provides information on price increases because the existence of Libra coins also seems correct, but all of them are just information, opinions and responses from someone.
Bitcoin is always the first concern that everyone will choose, this is something that often happens.

[Alcor]

I do not think that the Libra coin, which is going to be released next year, already now has such a strong influence on the price of Bitcoin. Moreover, Libra is a stable coin, and they do not have such a strong influence on the usual cryptocurrency.
Libra, of course, will influence the price of cryptocurrencies, but one should not exaggerate its influence so much.

[vegasus]

in my opinion, libra is only one factor in order to increase the value of bitcoin. so it is impossible for a bitcoin-class digital currency to depend on libra in increasing its value.

Of course, Bitcoin won't depend on Libra. Libra is still a new coin and it is not proven. Bitcoin is a strong coin and never depends on other coins. Yes, Libra issue is just one of the factor to increase the value of Bitcoin. People trust in crypto future, and they choose Bitcoin for their assets.

[Majaz]

in my opinion, Libra is only one of the many indicators of the increase in the price of bitcoin on the crypt market. it is too excessive to say the increase in bitcoin is solely due to libra.

[Rindian]

I never thought that the development and increase in the value of bitcoin was due to dependence on Libra. Who did the libra seem like. Even if that happens, I don't think it is entirely. There are still many factors that can influence the development or increasing value of bitcoin in the crypto market.

[Davenethan07]

That's not true, Bitcoin increased because of demand. With regards to libra libra there's no concrete evidence that it could help btc price to climb higher. It remains an speculative ideas.

[therozaq]

I've been reading some comments or posts recently in various forums and some people claim that the current increase in price is due to the release of Libra's WP etc. They even say that it legitimizes cryptocurrency.

I personally doubt all that. With or without Libra, the price of Bitcoin is meant to rise. It's been on an upward trend even before this facebook coin.

What is your take on this?

I think Bitcoin price increasing because the demand of bitcoin  is increasing.  It is not cause of LIBRA.  Several people  say It is LIBRA effect,  But I also doubt about that.  Bitcoin is large,  It is the King of crypto currency.  No one can controll  bitcoin. 

[masudginanjar]

Indeed, that is the proof because Bitcoin gets FOMO injections from various communities for high HIVE strength due to LIBRA.
I still remember that strength can increase the price of Bitcoin from 6,000 USD and increase to 11,000 USD.
HIVE is high for Bitcoin because it is pushed by FOMO Libra like a racing car gets NOS.

[Alcor]

That's not true, Bitcoin increased because of demand. With regards to libra libra there's no concrete evidence that it could help btc price to climb higher. It remains an speculative ideas.

I also think that the future Libra coin cannot now influence the price of Bitcoin, especially since it does not even exist yet. In addition, I think that Libra will not contribute to the rise in Bitcoin prices, but on the contrary, it may lower its price, since it will divert considerable funds.