Binance Gets On Board With Facebook – Executive Predicts A Rise To $100K For Bitcoin (BTC) In A New Parabolic Cycle

Facebook has been making waves in the crypto industry and not only for the past weeks.

You are probably aware that the social media giant has announced its crypto, Libra, that will be launched next year, and since this massive announcement, the platform refuses to leave the spotlight.

Binance is interested in the Libra project

Binance officer Gin Chao said that the company is extremely interested in joining Facebook’s Libra project.

He even spoke to BLOCKTV about the exchange’s interest in the new venture, and he said the following:

“We have engaged with Facebook. We’re very excited about the Libra project. I think a few months ago, without as much detail, we weren’t certain that this was something we could cooperate with, but it looks like they’re heading in a direction that we’re extremely excited about – and I think the whole industry is. So yeah, to the extent that we can be a part of that, we would like to.”

Major players such as Coinbase, Visa, PayPal, Mastercard, and more are on board with this massive project.

Libra will reportedly have a positive impact on the ecosystem

The Daily Hodl reports that Chao revealed that Binance supports Libra, and he believes the project will have a positive impact on the crypto ecosystem.

“It’s still early days, but I think the potential that Libra can have, not just on mass adoption, but what it means to payments and what it means, frankly, in forcing regulators’ hands, probably, to catch up a bit, is all good news. It’s not going to be easy, but things need to be addressed, so we look forward to working with Libra as much as we can.”

He also addressed BTC’s price and said that the most important crypto in the market would be entering a new era.

He expects new highs for BTC between $50k and $100k.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Coinbase
Coinbase

Coinbase is a digital currency exchange headquartered in San Francisco, California.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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