Bitcoin Price Increasing Because Of Libra?

[gqinyot]

Bitcoin is the king of cryptocurrencies, so it is impossible for other altcoins to increase bitcoin's price, only bitcoin is helping other coins to rise.

libra cannot influence bitcoin because bitcoin is the king of cryptocurrencies. thanks to the recent increase in the price of bitcoin that has helped Libra increase in price

[Zulema]

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?

Thanks to bitcoin, the Libra increases in price recently when the price of bitcoin has been at an all-time high and promises to increase in the near future.

[Hisbullah]

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?

Of course, with or without Libra bitcoin will increase. The basic factor that affect bitcoin price are demand and supply. So, I see bitcoin demand is so high now, I believed bitcoin will increase again day by day till the next year.

[Lukasz]

As the price increase may be associated with libra introduction as a global payment method it certainly is a lesser factor in btc price rally. The rally started on the news of paypal introducing BTC at its  platform as a gateway and also comes with trust that paypal have earned through the years

[Blaze]

As the price increase may be associated with libra introduction as a global payment method it certainly is a lesser factor in btc price rally. The rally started on the news of paypal introducing BTC at its  platform as a gateway and also comes with trust that paypal have earned through the years

Bitcoin prices can be as expensive as this is not the influence of the Libra project, bitcoin has a price movement from the interaction between buyers and sellers at the exchange, so when looking at bitcoin prices this expensive is the effect of the increasing demand that wants to buy bitcoin.

[Synezhana]

In my personal opinion, the price of Bitcoin has increased not because of Libra, but because Bitcoin is a good coin so many people want to own it.

[Proton]

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?

This opinion, of course, is not true. Firstly, Libra, even with the new name Diem, still cannot be released due to various organizational and technical difficulties. And what does not exist cannot affect the cryptocurrency.
Secondly, even if Libra / Diem was issued, now it will be a stablecoin, backed only by the dollar, and there are many such coins now. Stable coins do not have any major impact on cryptocurrency, much less bitcoin. They only contribute to the convenience of working with cryptocurrency.

[Cryptoz]

This news was old news and this is not happening right now. Libra is like a dead project before it is started. The BTC is high enough because of the Elon Musk news that will always make everybody following him. Today BTC has reached new ATH again

[IyemRoker]

At that time, maybe it was true that Bitcoin could be pumped because of the whitepaper created by LIBRA.
But I think for now the LIBRA whitepaper doesn't have a big influence on the existence of coins from Facebook because LIBRA never launched.
Then Bitcoin while it was turning green and continuing to climb to the top and it was my choice to ignore LIBRA.

[DAMKAR]

This news was old news and this is not happening right now. Libra is like a dead project before it is started. The BTC is high enough because of the Elon Musk news that will always make everybody following him. Today BTC has reached new ATH again

Yes, I see Elon musk get good effect to bitcoin because we all know Elon musk has big followers. Many companies also support in bitcoin now. So about Libra, Its just past news. Bitcoin is superior and going strong now

[gotbounty]

At that time, it might be true, this was one of the fundamental reasons for BTC rising However, for now, it is not. The chance of Bitcoin is very awesome because of other fundamental reasons. One of them the latest one is about Tesla buying many Bitcoin as tweeted by Elon Musk.

[ayatoslaw]

At that time, it might be true, this was one of the fundamental reasons for BTC rising However, for now, it is not. The chance of Bitcoin is very awesome because of other fundamental reasons. One of them the latest one is about Tesla buying many Bitcoin as tweeted by Elon Musk.

Now it's different, because now it's an elon musk trend ... I haven't even heard of a coin about DIEM (LIBRA has changed its name to DIEM).
In my opinion, DIEM will be launched in the middle of 2021, and I believe the launch of DIEM will pump bitcoin prices even higher.

[Muneeb22]

I don,t think so that the Bitcoin go high just becasue of the Libra coin becasue still Libra coin will not launched and that is just the Facebook coin and the Bitcoin is the king of all the crypto market which run this market.