What Facebook’s Libra Coin Means for Bitcoin
With the launch of Facebook's "Libra" cryptocurrency this week, Daniela Cambone of Kitco News welcomes Frank Holmes back to the program to comment on the news.
With the launch of Facebook’s “Libra” cryptocurrency this week, Daniela Cambone of Kitco News welcomes Frank Holmes back to the program to comment on the news. “I find it very significant that bitcoin peaked at the launch of the CME Futures contract but bottomed literally when JPMorgan knocked bitcoin,” Frank explains. “And Facebook, during this time, stopped all marketing of bitcoin and cryptos as they were building out their own currency.”
So what will happen to the price of bitcoin and other Libra competitors? Watch the replay here for Frank’s full thoughts.
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The Chicago Mercantile Exchange (CME) is an American financial and commodity derivative exchange based in Chicago.
None of U.S. Global Investors Funds held any of the securities mentioned in this interview as of 03/31/2019.