Facebook & Cryptocurrency
As if you haven’t heard enough about Bitcoin and all of these Cryptocurrencies as of late! Well, Founder of Facebook Mark Zuckerberg is urging people to use cryptocurrencies as a means to “take control back” from centralized banks and put it back into our hands. Yes, they do come with their risks, one of them being that they are volatile and hard to keep tabs on. He even admitted that Facebook would be looking into cryptocurrencies.
On the other hand, you have market analyst Michael Novogratz saying that cryptocurrencies in general will be the biggest bubble of our generation, or ever. He reclaims that the fact that crypto’s are so exciting is that there is a fair amount of fraud going on within the industry that the general population is unaware of. Fraud can often lead to things culminating at a rapid pace however, it can crash just as easily as it climbed leaving people shell-shocked as to what ever happened.
Novograt’s states that Bitcoin could potentially be at $40K a share by the end of this year which is completely outrageous! He even compared Bitcoin to Monopoly money…..
Thoughts?