Jeremy Allaire, the CEO of Circle, says that Facebook releasing their white paper on June 21st for Libra (Globalcoin?) are going to be the catalyst that takes bitcoin over $10k.
Once, that happens, summer is officially here for crypto according to Allaire.
His quote:
(Source:
)https://twitter.com/jerallaire/status/1139937917042745344
- jerallaire
That is the million dollar question.
In the past there has been a trend where bitcoin runs up, pulls money into the space, then it consolidates and money flows into altcoins.
Which has lead to the phrase; first bitcoin, then alts.
However, sometimes when bitcoin starts really ramping up, it sucks value from altcoin projects.
Hopefully that doesn't happen here...
Considering the catalyst is likely to be an altcoin itself (libra), there is a decent chance that other altcoins perform pretty well as well.
Hopefully it helps provide a nice boost to steem as the Binance news has seemed to take some of the wind out of the sales of many of the mid and small cap altcoins.
Either way, we only have a few more days to wait until we can start busting out the sun tan lotion of Allaire is right!
Stay informed my friends.
Image Source:
-Doc
