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Facebook’s Libra isn’t the next bitcoin, but you can make money off it anyway

Matthew De Silva
Facebook’s Libra isn’t the next bitcoin, but you can make money off it anyway

Since Facebook announced its planned Libra currency June 18, the bitcoin market has gone haywire. The original cryptocurrency surged from $9,000 to $11,000 this past week, as investors perceived Facebook’s crypto initiative as a vote of confidence in blockchain-based assets. News of the Libra, and its effect on bitcoin, has understandably piqued the interest of crypto speculators, some of whom may be anticipating a Libra boomlet.