Facebook is Bitcoin?

Now before you immediately try and knock any comparison, this is purely about recent trading movement in the stocks and BTC futures. This is extremely important now there are some reasons to compare. On the chart, Bitcoin will be the pink line, while the green line is FBWealth Strength IndexFB is Moderately Flat and trending Up.

Facebook announced they are creating their own cryptocurrency called the “Libra”. Some have said it will disrupt the world’s currency, while others say it will die out as a fad. I say investors are way more bullish than bearish on the idea. Pretty easy to see as both BTC and FBWealth Strength IndexFB is Moderately Flat and trending Up has gone up since the news. The most important aspect is the symmetry and correlation we are now seeing. Is it BTC moving FBWealth Strength IndexFB is Moderately Flat and trending Up higher or is FBWealth Strength IndexFB is Moderately Flat and trending Up leading the way for BTC? Truthfully, it seems both have a positive influence on each other and are bringing investors into both products. Might I remind you how OSTK performed a couple of years back? The stock price nearly quadrupled in a calendar year thanks to the huge rise in BTC. Square Inc. (Ticker: SQ) also saw BTC help lift the stock price higher, but SQ kept going while BTC tanked. This leads me to FBWealth Strength IndexFB is Moderately Flat and trending Up. I am unsure FBWealth Strength IndexFB is Moderately Flat and trending Up will continue to chug along in the markets in correlation with BTC, but we could see both move higher in sync with each other.

It is very fascinating a major corporation like FBWealth Strength IndexFB is Moderately Flat and trending Up is going this route, but it is also clear that a lot of Wall Street believe Crypto is the future. If any company out there that has the power to successfully integrate crypto into our everyday lives, it is the one and only FBWealth Strength IndexFB is Moderately Flat and trending Up. Mind you, AAPLWealth Strength IndexAAPL is Moderately Flat and trending Up could jump into this foray also with a Crypto wallet in iPhones like their competitors already have. I would love to see a partnership with AAPLWealth Strength IndexAAPL is Moderately Flat and trending Up and FBWealth Strength IndexFB is Moderately Flat and trending Up, but that is what dreams are made of. We can all dream, can’t we?