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December 5, 2022
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Bitcoin

Facebook CEO Mark Zuckerberg supports Bitcoin in a subtle way

Mark Zuckerberg may have a hidden love for Bitcoin (BTC).

However, all of that is changing as Zuckerberg, who is considered one of the richest men in the world, showed through a Facebook post that he has a capricious love for cryptocurrency.

It is no longer news that some of the biggest names in technology and the business world are showing interest in the evolution of digital currencies. From Tesla’s Elon Musk to Twitter’s Jack Dorsey, the list goes on as key technology stakeholders are starting to embrace the new form of money.

The interest of each of these men, who led their respective companies to secure Bitcoin on their balance sheets, had a tremendous impact in raising the price of cryptocurrency to new heights. For example, when Elon Musk’s Tesla invested $ 1.5 billion in Bitcoin in February, the asset’s price reached a historic peak above $ 45,000.

With Zuckerberg coming out to talk about Bitcoin, there is strong speculation that the billionaire CEO may be eyeing a Bitcoin move or that he already holds a position in the digital currency. This will not be a surprising move, as many have predicted that demand for Bitcoin and cryptocurrencies in general will increase for both retail investors and institutional investors.

Zuckerberg’s possible interest in Bitcoin could lead to hesitant investors for the cryptocurrency. Currently, Bitcoin has seen a psychological setback of $ 60,000, in contrast to Ethereum, which is up and up above $ 4,000 for the first time in its 6-year history. At the time of this writing, Bitcoin is trading at $ 55,777.67, down 4.2% over the past 24 hours, according to Coingecko.

Source: BlockchainNews

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