Bitcoin Price Increasing Because Of Libra?

[Zed0X]

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?

[Pegasus]

I have the same opinion as yours. Clearly bitcoin is on its move. Sooner or later, it will reach it now. Coincidentally, Facebook's Libra released its whitepaper. Maybe Libra's whitepaper somehow contributed to bitcoin's surge but I don't think it's a major factor.

[Noverteno]

Bitcoin and other cryptocurrency has already been rising quite well in price for three months. Therefore, its growth was even before the appearance of a stable Libra coin. In addition, I do not quite understand how the emergence of a stable coin can cause a significant increase in the price of Bitcoin. I do not see any relationship here. In addition, as far as I know, there are no Libra coins yet. She's only going to release.

[marcsymons]

Libra will become a big success for sure because of Facebook good reputation and it will help the Crypto market to become more healthy but with and without it Bitcoin is destined to reach the former ATH again as Bitcoin already build a deep foundation of trust among the crypto users.

[Bobcrypto]

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?

Yes man, you are very correct. Before the news of Facebook "Libra" the bitcoin bull has started, though this news also fuel in a further increase, and fortunately the bitcoin has already given certain signal for the bull run earlier on April.
In addition, with or without Libra, the bull is inevitable this year. Thanks

[sampoerna]

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

I agree with this opinion. +1
I also think the same. We have already experienced a rising phase before Libra news is widespread around the world. However, Libra news may have impacts to boost the improvement in Bitcoin price. 

[ZionRTZ]

They even say that it legitimizes cryptocurrency.

Who said this? That's just pure BS. Bitcoin does not really need other cryptocurrencies to be considered legit and definitely does not need a centralized crypto.

I have read some news that a lot of major countries which allows cryptocurrency have expressed their concerns about Libra and will be blocking it.

[xeroz]

I have read some news that a lot of major countries which allows cryptocurrency have expressed their concerns about Libra and will be blocking it.

It is better to show the links here, bro. So, we can read together what you already read.
I am not surprised if many countries have the intention to block Libra. It is the same as the first time Bitcoin was created. Then, gradually they will accept it with many factors. 

[Alcor]

I think that the emergence of a stable Libra coin does not affect the price of Bitcoin and other cryptocurrency. Bitcoin began to grow well in price since the beginning of April. Anyway, stable coins should not significantly affect the price of cryptocurrency. The Libra coin is removed too much attention even before it enters the circulation. It is necessary to wait for at least the first experience of its practical use, then there will be something to discuss.

[abdmuiz]

there are many factors that drive Bitcoin to rise and market capacity increase because positive news from several leading blog forums and sites like this is now very good for trading

[mimikri]

There is no connection between Libra and Bitcoin growth. We learned about Facebook cryptocurrency long ago. Why then BTC did not start going up before? Libra cannot affect the crypto market and BTC price.

[Alter]

I also ever heard about this news that Libra is one of the factors that influence the increase of Bitcoin. Well, it may be the hype but I realy expect that this is not only a short hype. The factors or some legality and acceptance in some countries may also influence. That is why BTC price keeps rising.

[Cisco]

I think that the rise of bitcoin are contributed by a number of reasons and Libra is one of them. In fact, Libra's appearances on medias are a valuable marketing tool to cryptocurrency in general and to bitcoin in particular. However, like I said, reasons behind bitcoin's rise are varied, including long downtrend and consolidation, halving about to happen and market's positiveness etc...

[Purwodadi]

In my opinion it is also like that, that bitcoin already has a trend up and down and that is all also without the Libra coin, and I strongly believe that bitcoin is now entering the trend of rising prices.

[damsix]

Traders, Investors are the main party.
Bitcoin is the second party.
Libra is a disturbing party.

Kanapa I say that because if Libra is the opposite of the way Bitcoin works, then it can be said Libra is a nuisance.
The intruders in the price and the effects of Hive which are usually caused by Libra are very hard. IMO