RATE Group | Is Libra Responsible for Bitcoin’s Latest Price Boost?
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Is Libra Responsible for Bitcoin’s Latest Price Boost?

13 Feb Is Libra Responsible for Bitcoin’s Latest Price Boost?

Posted at 20:49h in Bitcoin News by

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As we’ve all seen over the past month or two, bitcoin has completely revamped itself and is now trading for well above the $10,000 range. Many people attribute this spike to many things, but one individual believes hype surrounding Libra has a lot to do with bitcoin’s recent good fortune.

Libra Could Be Behind Bitcoin’s Sudden Surge

To be completely fair, it’s not necessarily Libra itself, but rather words regarding Libra that have led to bitcoin’s growth. Vijay Ayyar – head of business development at the popular crypto trading platform Luno – points to recent verbiage from Federal Reserve Chair Jerome Powell that hinted at the stamina and properties of cryptocurrencies.

Particularly, Powell refers to Libra as a “wake-up call” that the United States is not where it needs to be when it comes to crypto regulation. He also says that a national digital currency should (and could) come “fairly quickly,” and that working on such a project would do wonders for the…

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