Facebook Coin will be the biggest step in the mass adoption of cryptocurrency by the society

Against the background of the bitcoin exchange rate marked on the eve of over $ 6,000 per unit, partner of the venture capital company Blockchain Capital and Spencer Bogart, one of the leading Bitcoin analysts on Wall Street, said in an interview with Facebook launching your own stablecock can lead to a twofold or even threefold increase in the number of cryptocurrency holders.

Bogart suggests that the symbolically called “Facebook Coin” coin in the crypto community can be the first step in making the mainstream user accept the idea of cryptocurrency as such.

“It's like using the Internet; people can move away from their usual understanding and get bitcoins or ETH. A certain percentage of the user base will do just that, and this will serve as an even greater catalyst (the adoption of cryptocurrencies), ” Spencer explained his position.

In addition, more significant, in his opinion, was the fact that Facebook added courage to American fintech and financial institutions that monitor developments and can take social network activity in the cryptomedia as a signal to start its conquest.

Publication date 09/05/2019
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