facebook cryptocurrency

Facebook to allow use of cryptocurrencies

In his Facebook post last week, Mark Zuckerberg, founder of Facebook, posted

“There are important counter-trends to this — like encryption and cryptocurrency — that take power from centralized systems and put it back into people’s hands.”

 

Facebook reports over 2 Billion monthly users on it’s platform from across the world, and truly has the power to blow steam to make cryptocurrencies mainstream (if there is an ambition to do so).
In the meantime, old-school investors like Warren Buffett are very sceptical about Cryptocurrency trend.

“I can say almost with certainty that cryptocurrencies will come to a bad end,” Buffett told CNBC in an interview.

JPMorgan’s CEO Jamie Dimon also calls cryptocurrencies a fraud.

“It’s just not a real thing, eventually it will be closed,” Dimon insists. “It’s worse than tulip bulbs. It won’t end well.”

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