Business

Bitcoin Reaches 18-Month High; After Facebook’s Libra Announcement

Bitcoin Reaches 18-Month High; After Facebook’s Libra Announcement: It’s been more than 18 months since the Bitcoin was struggling. The investors were worried and we have seen the all-time low in the past few months since it was a huge hit. Everyone was saying that the cryptocurrency world is about to vanish but suddenly we have seen a movement. A lot of tension such as G-20 summit in Osaka and the US-China trade war is still on and things aren’t clear as it should be. Overall, the investors are back again and this time we have seen a little big movement without expectation.

As you all might already know that Facebook has already announced its own cryptocurrency and the other big tech companies are working positively on it.  Reports are coming that the crypt was closed up to $13,666.02 at the end of 26th June. Today on 29th June 2019 it opened with $11634.30 and it is doing very well so far. We think that the new wave will boost the silent investors. Also, the new investors will once again attract towards the crypto.

Earlier, we have seen that the Bitcoin itself peaked at $20,000 USD in December 2017. Also, the reports are coming that the new investors are looking forward to Bitcoin after Facebook’s announcement. As you all might know that the company itself is ready to enter the business. Also, the Peters optimistically predicts that “We could see bitcoin reaching 50,000 or even 100,000 dollars this year.”

The company Facebook itself confirmed that they will introduce the new coin based on their tech Calibra. The new digital currency will be governed by the 28 co-founders of the Libra Association which includes Lyft, MasterCard, and Paypal, and will debut sometime in 2020. We are expecting that Bitcoin is again going to peak and will achieve the new heights.