Facebook Helps to Boost Bitcoin Back Above $10,000

Bitcoin was back above $10,000 for the first time in more than a year as the digital currency saw a boost from the Facebook news; investors have been buying bitcoin in hope that Facebook’s Libra coin could push the market into the mainstream; “Smart money and institutions have certainly begun to come in,” said John Patrick Mullin, a cryptocurrency investor and blockchain consultant in Hong Kong, to the Wall Street Journal; the hype is not there this time which could bode well for the currency, last time after it went above $10,000 is was quickly up to the high of $20,000 before crashing down over the next few months; overall market news has been good as some big banks started coins or have indicated work on blockchain projects. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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