Libra could be one of the biggest catalysts for the next crypto bull run we’ve seen — but what aren’t Facebook telling you…
They’ve gone and done it.
After much speculation and anticipation, Facebook has launched their own cryptocurrency and blockchain project.
They call the crypto ‘Libra’ and it will exist on the Libra blockchain.
But what does it mean for the world of crypto, and more importantly…for investors?
For starters, it should scare the daylights out of traditional banking institutions.
With Facebook’s 1.6 billion active users, and now the ability to put financial services in their palms, banking may never be the same.
But it’s what mainstream isn’t talking about that should get people thinking.
Like the fact that there’s nothing decentralised about it…or governments power to potentially track, trace and follow, not just messaging data, but payment data, too.
In a brand-new report from Money Morning, Sam Volkering shares five key things you need to know about Facebook’s Libra crypto the mainstream aren’t telling you.
Inside, you’ll discover:
- Why Libra is a bigger threat to banking than bitcoin. Facebook’s Libra has the ability to bring financial services to over 1.6 billion non-banked or under-banked people globally, quickly making it the world’s largest financial institution. Make no mistake, this isn’t Facebook getting onto the cryptocurrency mega-trend. This is Facebook getting into banking.
- How Libra flies in the face of traditional banking AND crypto. While wrestling control out of the hands of big incumbent traditional banks — like crypto was intended — there’s nothing decentralised about Libra. Instead, control will flow to a select few major corporations. These elite members will have complete control of the network and profits generated from it.
- Why it’s still the most positive sign yet for bullish crypto investors. The sheer volume of people that will be exposed to cryptocurrency thanks to Libra is staggering. The number of crypto users could potentially increase 64-fold based on the number of active bitcoin wallets. Find out what the impact could be when this massive injection of demand hits the markets at one time.
You’ll learn all this and more in the brand new report: ‘Five Things No One Is Telling You about Facebook’s Libra Crypto’.
To get your free copy — right now — enter your email address in the box below and click ‘Send My FREE Report’. You’ll get a downloadable PDF file delivered to your inbox within the next five minutes.
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All advice is general advice and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.
Calculating Your Future Returns: The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in this report are forecasts and may not be a reliable indicator of future results. Any potential gains in this do not include taxes, brokerage commissions, or associated fees. Please seek independent financial advice regarding your particular situation. Investments in foreign companies involve risk and may not be suitable for all investors. Specifically, changes in the rates of exchange between currencies may cause a divergence between your nominal gain and your currency-converted gain, making it possible to lose money once your total return is adjusted for currency.