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Mark Zuckerberg’s Photos Inspire Bitcoin Speculation

Published 05/12/2021, 06:17 AM
Updated 05/12/2021, 06:30 AM
Mark Zuckerberg’s Photos Inspire Bitcoin Speculation

  • Facebook’s CEO posted a photo of his two goats called Max and Bitcoin.
  • Market speculators assume this was a sign that Zuckerberg is warming up to Bitcoin.
  • Also, Facebook (NASDAQ:FB) is working on several crypto related projects

On May 10, Facebook CEO Mark Zuckerberg shared a photo of his two goats named Max and Bitcoin. Of note, the photos of the goats raised excitement within the crypto community.

Many crypto fans are guessing that Zuckerberg could be into Bitcoin. Also, some market philosophers believe the goat photos show that Zuckerberg is warming up to Bitcoin (BTC). As a result, fans are now calling Zuckerberg a ‘Bitcoiner,’ the term given to Bitcoin enthusiasts.

Also, SkyBridge founder, Anthony Scaramucci, tweeted that he is very happy to see Zuckerberg in the Bitcoin community now.

Amid Facebook’s movement into cryptocurrency, David Marcus has been instrumental in adopting cryptocurrencies. Notably, Marcus was a former executive of PayPal before Facebook poached him in 2014.

Moreover, Marcus has been heading the crypto division of Facebook. Specifically, Novi, which runs a digital wallet for Facebook’s proposed crypto, Libra, renamed Diem.

In addition, Facebook has also raced towards creating a payment platform that rivals Venmo, Apple (NASDAQ:AAPL) Pay, and Google (NASDAQ:GOOGL) Wallet. If Facebook launches the payments service, it will allow users to send and receive payments on several Facebook-affiliated Apps.

Most commentators believe that May 26 is when Facebook will make a crypto update – this is when the shareholders’ meeting takes place. Some expect that Zuckerberg will disclose his Bitcoin holdings. However, this may be wishful thinking as no official announcement on the matter has been released.

This article was first published on coinquora.com

Continue reading on CoinQuora

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