NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Blockchain Capital Partner: Facebook Crypto Project Could Lead to Massive Influx of New Crypto Users

Cole Petersen
Cole Petersen
6 years ago
2 mins read
Crypto Bitcoin Altcoins BTC

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Despite the lackluster price performance the crypto markets have experienced since the 2017 bull run, the markets have been incurring significant amounts of adoption that may ultimately fan the flames that ignite the next parabolic movement.

Many investors and analysts alike have been closely watching to see how much interest institutional investors and corporations express in the nascent technologies, and social media giant Facebook’s recent foray into the markets is likely a beacon of what is to come next.

Facebook May Spark Massive Influx of New Crypto Users

In a recent interview with Bloomberg, Spencer Bogart, a partner at Blockchain Capital, explained that he believes the company has “lit a fire” beneath the crypto markets that will ultimately propel them higher.

During the interview, Bogart noted that he believes that the cryptocurrency launched by the company will act as a gateway that allows the general public to garner a greater understanding of the technology, making them more comfortable with both using and owning other cryptos.

“It’s like being on the internet, so people can spin out and they can start owning Bitcoin, they can start owning Ether. Some percentage of the user base is likely to do so, and again I think that’s gunna be a dramatic catalyst,” Bogart explained, further adding that “Bitcoin has gone from zero users ten years ago to somewhere between 30 million to 100 million… And Facebook has billions of users.”

At the moment, details surrounding Facebook’s cryptocurrency remain scarce, but a Wall Street Journal report from earlier this month gave some details about the project, noting that the company is currently in talks with applications and e-commerce companies about accepting the crypto as a method of payment.

“Facebook is also talking to e-commerce companies and apps about accepting the coin, and would seek smaller financial investments from those partners, one of the people said,” the Wall Street Journal explained.

Corporate and Institutional Adoption May Fuel Parabolic Surge

When considering the massive amount of people that companies like Facebook could introduce into the relatively small crypto markets, it is not unreasonable to conclude that the company’s foray into the markets is decisively bullish.

Moreover, it is also not unreasonable to assume that Facebook will lead other major companies to take note of how effective it can be to utilize cryptocurrencies, which may lead the growing trend of corporate adoption to spread across multiple industries like wildfire.

Combine this trend with the large influx of institutional investments that the crypto markets are currently incurring – with regards to the recent news surrounding Fidelity launching their institution-focused digital assets platform – and it seems ever-more likely that the next parabolic surge is truly right around the corner.

Featured image from Shutterstock.
Tweet123Share259ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum Outflow Signals Strength: 56,000 ETH Pulled From Exchanges

The steady appreciation in the Ethereum price continues to mirror how resilient the cryptocurrency has become in the market. Despite...

Opeyemi Sule 7 hours ago
Crypto airdrop season begonnen - belangrijkste ETH airdrops van 2025 onthuld

Crypto airdrop season begonnen – belangrijkste ETH airdrops van 2025 onthuld

De Ethereum community staat dit najaar in het teken van een nieuw signaal voor een crypto bull run: het crypto...

Lars Diederiksen 11 hours ago
Bitcoin

Analyst Says Bitcoin Is A Strong Buy If It Overcomes $118K — Here’s Why

The price of Bitcoin has struggled to capitalize on its recent bullish momentum, oscillating in and around the $116,000 level...

Opeyemi Sule 10 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Dogecoin stijgt ondanks ETF uitstel – institutionele vraag groeit exponentieel

Dogecoin stijgt ondanks ETF uitstel – institutionele vraag groeit exponentieel

Lars Diederiksen 1 hour ago
Solana

Solana (SOL) Bulls Complete Bullish Breakout — Eye $360 Mid-Term Target

Semilore Faleti 2 hours ago
Dogecoin

Dogecoin Hits Multi-Month High, Veteran Trader Says It’s A Critical Progress

Christian Encila 4 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の展望:ビットコイン提携とETF開始で次の暗号資産の巨人となるか

    ドージコイン...

    1 day ago
  • 鯨が一晩で4,000万XRPを売却、リップル 今後は3ドルのサポートを維持できるか

    鯨が一晩で4,000万XRPを売却、リップル...

    1 day ago
  • 暗号資産トレジャリーの苦境とQ4に狙う仮想通貨プレセール

    ...

    1 day ago
  • 10月に上昇が期待される仮想通貨おすすめ6選

    ...

    1 day ago
  • 新しい仮想通貨が投資家を最速で億万長者に導く ― 既存の「買うべき仮想通貨」を超えて

    ...

    1 day ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.