According to rumors, Facebook may reveal it owns Bitcoin tomorrow
One of those speculating that the social media giant is keeping the cryptocurrency in its cash is the British businessman and investor Alistair Milne.
“RUMOUR: Facebook will annouce they hold #Bitcoin on their books when they release their quarterly results after trading closes tomorrow,” tweeted Milne early on Tuesday (27).
RUMOUR: Facebook will annouce they hold #Bitcoin on their books when they release their quarterly results after trading closes tomorrow
— Alistair Milne (@alistairmilne) April 27, 2021
The rumor has not yet been confirmed by any official source. However, if that happens, it would be considered a big bullish sign by the community.
Thus, the news could trigger a new rise for the cryptocurrency in the same way that it happened in the case of Tesla.
Also speculating about the possibility was Morgan Creek Digital partner Jason A. Williams. Williams used Twitter to question whether “Facebook holds Bitcoin” or not.
Mira Christanto, a senior research analyst at Messari, also commented on the case. Christanto says that if Amazon, Apple and Google don’t follow Facebook’s supposed example, their chief financial officers (CFOs) will need new jobs.
In addition, she also shared a statement from Dave Chapman, founder of OSL.com, which said:
“Time is running out for influential CEOs to claim the easy bet to endorse Bitcoin and benefit from its appreciation. The final game is inevitable, certainly the smart move is to capitalize on the pioneer’s advantage. Who is next? Zuck? Nadella? Bezos? Pichai? Cook? Swan? ”
The analyst also shared the chart below, whose markings suggest that Bitcoin has dropped to less than $48,000 recently due to the fact that Tesla has sold 10% of its holdings in Bitcoin.
In addition, the graph indicates that the cryptocurrency rose again with the alleged purchase of BTC by Mark Zuckerberg.
But while the unconfirmed rumor circulates on the internet, Facebook appears to be moving forward in its plans to launch the digital currency Diem, formerly Libra.