[ad_1]
United States-based cryptocurrency index fund provider Bitwise declared that Facebook's Libra stablecoin accelerated Bitcoin's (BTC) progress by three years published on its website on August 1.
Libra attracted attention to Bitcoin
In the letter, Bitwise's global head of research Matt Hougan said on behalf of the company:
"Thanks to Facebook's Libra and Congress, we have just fast-forwarded two years into crypto's future, accelerating all conversations, debates, and mainstream discussions into the present day."
Increasing regulatory scrutiny
The firm claims that, as a consequence of Libra 's development and the crypto hearings with the Congress, "people realize they can not longer ignore cryptocurrency." focus on crypto may have negative ramifications in the future.
This article was also published in the document on the shadowing of the cryptocurrency industry, which is now a devoting attention to crypto. Bitwise concludes:
“And even this scrutiny and attention will be good for crypto long term. It will give investors the assurance that regulators are involved in the guidelines under which the mature version of crypto can develop. "
As cointelegraph reported at the end of last month, Facebook warned its investors that its Libra stablecoin may never be released.
[ad_2]Source link
