RATE Group | CNBC Analyst Slams Facebook Libra, Champions Bitcoin
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CNBC Analyst Slams Facebook Libra, Champions Bitcoin

23 Aug CNBC Analyst Slams Facebook Libra, Champions Bitcoin

Posted at 20:47h in Bitcoin News by

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Since the announcement of Facebook’s Libra cryptocurrency, the crypto market and even the tech sector has never been the same. It’s got regulators up in arms about Bitcoin, crypto assets are crashing, and the project may not ever even see the light of day. Even partners have started to abandon the project.

The topic came up during a recent segment on CNBC’s Squawk Box, and one of the show’s hosts went on a rant, slamming Facebook’s crypto project while championing Bitcoin for having more desirable qualities than Libra.

Joe Squawk: Bitcoin is Decentralized, Libra Is Controlled By Zuckerberg

Bitcoin is arguably the most powerful piece of technology the world has ever seen. Its significance is undeniable, and those who are skeptical tend to come around eventually once they dive under the surface and gain a deeper understanding of the crypto asset’s potential.

Related Reading | CNBC Host Pushes Bitcoin, Cites Halving and Scarcity As Catalyst for $55K BTC 

CNBC Squawk Box host…

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