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How Long Will Facebook’s Libra Fuel Bitcoin Rally?

Mayur Sontakke, CFA, FRM
How Long Will Facebook’s Libra Fuel Bitcoin Rally?

Ever since the news about Facebook’s (FB) cryptocurrency project broke, Bitcoin has rallied on the hope that Facebook’s entry in the space will help make cryptocurrencies mainstream. Facebook’s cryptocurrency will be called Libra and will be governed by an association with 28 founding members across industries.