{"id":386754,"date":"2019-06-19T20:00:20","date_gmt":"2019-06-19T20:00:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=386754"},"modified":"2019-06-19T14:30:28","modified_gmt":"2019-06-19T14:30:28","slug":"facebook-crypto-libra-bitcoin-investor","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/facebook-crypto-libra-bitcoin-investor\/","title":{"rendered":"VC Investor: Facebook’s Crypto Has 50% Chance of Ever Launching, Here’s Why"},"content":{"rendered":"

Libra<\/a>, Facebook\u2019s new crypto and rival to Bitcoin<\/a>, the dollar, banks, businesses like PayPal, and stablcoins all at once, captured the entire world\u2019s interest yesterday. The crypto industry was divided<\/a> on whether or not the move would benefit the ecosystem at large<\/a>, or if it could potentially destroy Bitcoin and altcoins.<\/span><\/p>\n

The concerns and hope may be for naught, as Libra may never actually see its planned 2020 rollout. According to venture capitalist Ari Paul, Facebook\u2019s crypto only has a 50\/50 chance of ever seeing the light of day, and that regulatory hurdles and lobbyist blockades may interfere with Mark Zuckerberg\u2019s plan to replace create the first widely adopted version of digital money.<\/span><\/p>\n

Facebook Crypto In Jeopardy Already, 50\/50 Chance of Launching<\/span><\/h2>\n

Libra was announced yesterday<\/a> morning by Mark Zuckerberg to mixed reactions. Regardless of your stance on if the news was positive or negative for the crypto industry, there\u2019s no denying the significance a major mainstream tech firm that\u2019s used by the public masses daily will have on the entire ecosystem.<\/span><\/p>\n

Related Reading | Bitcoin Becomes \u201cMoney,\u201d One Satoshi Now More Valuable Than Some National Currencies<\/a><\/strong><\/em><\/p>\n

But that\u2019s only if it ever launches. And according to one venture capitalist, there\u2019s only a 50% chance Libra ever launches due to the \u201cdozens of different legislative and regulatory authorities that will explore blocking it.\u201d<\/span><\/p>\n

https:\/\/twitter.com\/AriDavidPaul\/status\/23901184<\/p>\n

Such a scenario isn\u2019t difficult to imagine, with Libra\u2019s announcement not even being in circulation 24 hours yet, when a top democrat in Congress, House Financial Services Committee Chairwoman Maxine Waters (D-CA), demanded that Facebook halt the development of Libra<\/a>.<\/span><\/p>\n

Senator Sherrod Brown (D-OH)\u00a0also plans to sick government watchdogs on Facebook<\/a>, citing that they are \u201calready too big and too powerful, and it has used that power to exploit users\u2019 data without protecting their privacy.\u201d<\/span><\/p>\n

The Government Can Stop Libra, But They Cannot Stop Bitcoin<\/span><\/h2>\n

The differences between Libra and decentralized cryptocurrencies are already appearing, even just 24 hours after Facebook\u2019s big announcement. Libra is already at risk of being blocked by governments, who may or may not be influenced by big banks though their lobbying power.<\/span><\/p>\n

Related Reading | Bitcoin to Surge Past $20,000? Facebook\u2019s Libra Could Send BTC Flying<\/a><\/strong><\/em><\/p>\n

Bitcoin on the other hand, cannot be stopped. Bitcoin was designed to be outside of the reach of the governments, banks, and superpowers that have controlled money and humanity through it for centuries. It\u2019s already showing its resiliency next to Libra, and proves that being borderless, decentralized, and unstoppable is more valuable than most consider.<\/span><\/p>\n

https:\/\/twitter.com\/Rhythmtrader\/status\/07372800<\/p>\n

While Libra may not ever reach its planned 2020 launch, in the meantime it\u2019ll do wonders for the crypto ecosystem by exposing it to the masses, governments, and more. If it does launch, it has a real chance at replacing money. If it doesn\u2019t, there are two main scenarios at play: Libra brings negative attention and heavy-handed regulation to the space that harms Bitcoin; or Bitcoin continues to unexpectedly outshine Libra, demonstrating the benefits of a borderless, decentralized cryptocurrency to the entire world on a grand scale like never before. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Libra, Facebook\u2019s new crypto and rival to Bitcoin, the dollar, banks, businesses like PayPal, and stablcoins all at once, captured the entire world\u2019s interest yesterday. The crypto industry was divided on whether or not the move would benefit the ecosystem at large, or if it could potentially destroy Bitcoin and altcoins. The concerns and hope may be for naught, as Libra may never actually see its planned 2020 rollout. According to venture capitalist Ari Paul, Facebook\u2019s crypto only has a 50\/50 chance of ever seeing the light of day, and that regulatory hurdles and lobbyist blockades may interfere with Mark Zuckerberg\u2019s plan to replace create the first widely adopted version of digital money. Facebook Crypto In Jeopardy Already, 50\/50 Chance of Launching Libra was announced yesterday morning by Mark Zuckerberg to mixed reactions. Regardless of your stance on if the news was positive or negative for the crypto industry, there\u2019s no denying the significance a major mainstream tech firm that\u2019s used by the public masses daily will have on the entire ecosystem. Related Reading | Bitcoin Becomes \u201cMoney,\u201d One Satoshi Now More Valuable Than Some National Currencies But that\u2019s only if it ever launches. And according to one venture capitalist, there\u2019s only a 50% chance Libra ever launches due to the \u201cdozens of different legislative and regulatory authorities that will explore blocking it.\u201d https:\/\/twitter.com\/AriDavidPaul\/status\/23901184 Such a scenario isn\u2019t difficult to imagine, with Libra\u2019s announcement not even being in circulation 24 hours yet, when a top democrat in Congress, House Financial Services Committee Chairwoman Maxine Waters (D-CA), demanded that Facebook halt the development of Libra. Senator Sherrod Brown (D-OH)\u00a0also plans to sick government watchdogs on Facebook, citing that they are \u201calready too big and too powerful, and it has used that power to exploit users\u2019 data without protecting their privacy.\u201d The Government Can Stop Libra, But They Cannot Stop Bitcoin The differences between Libra and decentralized cryptocurrencies are already appearing, even just 24 hours after Facebook\u2019s big announcement. Libra is already at risk of being blocked by governments, who may or may not be influenced by big banks though their lobbying power. Related Reading | Bitcoin to Surge Past $20,000? Facebook\u2019s Libra Could Send BTC Flying Bitcoin on the other hand, cannot be stopped. Bitcoin was designed to be outside of the reach of the governments, banks, and superpowers that have controlled money and humanity through it for centuries. It\u2019s already showing its resiliency next to Libra, and proves that being borderless, decentralized, and unstoppable is more valuable than most consider. https:\/\/twitter.com\/Rhythmtrader\/status\/07372800 While Libra may not ever reach its planned 2020 launch, in the meantime it\u2019ll do wonders for the crypto ecosystem by exposing it to the masses, governments, and more. If it does launch, it has a real chance at replacing money. If it doesn\u2019t, there are two main scenarios at play: Libra brings negative attention and heavy-handed regulation to the space that harms Bitcoin; or Bitcoin continues to unexpectedly outshine Libra, demonstrating the benefits of a borderless, decentralized cryptocurrency to the entire world on a grand scale like never before.<\/p>\n","protected":false},"author":517,"featured_media":386757,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,6664,1985,2752,15995],"class_list":["post-386754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-crypto","tag-facebook","tag-libra","tag-mark-zuckerberg"],"acf":[],"yoast_head":"\nVC Investor: Facebook Crypto Has 50% Chance of Ever Launching, Here's Why<\/title>\n<meta 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/ktsl888.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"VC Investor: Facebook’s Crypto Has 50% Chance of Ever Launching, Here’s Why","url":"http:\/\/ktsl888.com\/news\/facebook-crypto-libra-bitcoin-investor\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/facebook-crypto-libra-bitcoin-investor\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/bitcoin-crypto-facebook-libra-shutterstock_1428033530.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/bitcoin-crypto-facebook-libra-shutterstock_1428033530.jpg?fit=4800%2C3200"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","crypto","facebook","libra","mark zuckerberg"],"dateCreated":"2019-06-19T20:00:20Z","datePublished":"2019-06-19T20:00:20Z","dateModified":"2019-06-19T20:00:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"VC Investor: Facebook’s Crypto Has 50% Chance of Ever Launching, Here’s Why\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/facebook-crypto-libra-bitcoin-investor\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/facebook-crypto-libra-bitcoin-investor\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/bitcoin-crypto-facebook-libra-shutterstock_1428033530.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/bitcoin-crypto-facebook-libra-shutterstock_1428033530.jpg?fit=4800%2C3200\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"crypto\",\"facebook\",\"libra\",\"mark zuckerberg\"],\"dateCreated\":\"2019-06-19T20:00:20Z\",\"datePublished\":\"2019-06-19T20:00:20Z\",\"dateModified\":\"2019-06-19T20:00:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/bitcoin-crypto-facebook-libra-shutterstock_1428033530.jpg?fit=4800%2C3200","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/386754"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=386754"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/386754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/386757"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=386754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=386754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=386754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}