If you don’t know by now that Facebook released its libra whitepaper on Tuesday, you’re living under a rock. What you may not know is that bitcoin shot up on the news. That’s because libra gives credibility to the cryptocurrency market, much like AOL did when it first brought email and the internet to the masses.
But that doesn’t mean it’s going to be all sunshine and flowers from here on out. Just like AOL, Facebook faces a storm of lash backs and push backs from across the board. Regulators. Governments. Central banks. Cryptocurrency players. Citizens
concerned with Facebook’s growing involvement in every aspect of our lives.
Ultimately though, libra will be a win-win and bitcoin will likely hit my target of $32,000 this year or early next year still… a forecast that Fundstrat Global Advisors co-founder Tom Lee concurs with.
So, in today’s video, I discuss why I believe libra is a positive and what I expect we’ll see next in this arena. I also explore what’s going on with the Fed’s latest rate decision (to stand pat), and why I believe we’re entering the third wave of the Dark Window.
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