It absolutely was part of the reason for the bullish momentum. Whether you like the news or not, Facebook launching a pegged currency was just about the most bullish news crypto could get. It would introduce potentially 2 billion people to crypto. Not only that but this coin wouldn't compete with existing coins, only stable/pegged coins. Not to mention the validation it gives bitcoin/crypto. There aren't many other ways to introduce bitcoin/crypto to 2 billion people basically all at once. Libra was going to be a major on-boarding tool for bitcoin. It literally is some of the most bullish news crypto could have. The reason price ran up was because people were speculating how good this would be bitcoin. There were other contributing factors to the price rice, such as historical halving price cycles, seasonality, QE being back on the table, and trade wars to name a few... but make no mistake the news from Facebook was a major driving force behind the recent price action in bitcoin.
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