Hey ninjas, how’s the trading going? The crypto market has been struggling since June and now once again Bitcoin has dipped below $8,000. Bitcoin is trading at $7,971 at press time and is reporting 2.31% losses in the last 24 hours.
The majority of the top cryptocurrencies are reporting losses in the last 24 hours, at press time Ethereum is down 2.95%, XRP is down 1.67%, EOS is down 1.79%, BCH is down 3.3% and LTC is down 5.24%.
On the 16th of October, David Marcus, the head of Facebook’s cryptocurrency wallet Calibra said in an interview with Squawk Box that he is a longtime fan of Bitcoin but it is completely different from Libra.
He stated that he has been a fan of Bitcoin since 2012 and considers it to be digital gold. He was interviewed by Squawk Box co-host Joe Kernen and was asked if he owned any Bitcoin he did not reply directly only stated that he was a big fan of Bitcoin.
David Marcus emphasized on what Facebook is trying to do, he stated that the Libra project aims to create a non-volatile and scalable cryptocurrency rather than just providing services for Bitcoin which he considers highly volatile, adding that if there was a scalable version of Bitcoin that version would be embedded into the Calibra wallet and “life would be so much easier” for him.