Newsbtc, citing the opinions of reputable figures from the investment arena, reported that the announcements by JP Morgan and Facebook that they are developing their own centralised cryptocurrencies- JPM Coin and Facecoin respectively- are positive for Bitcoin's value.
According to Newsbtc, the founder of BlockTower Capital- Ari Paul- opined that Bitcoin adoption could be significantly boosted if a mere 30 million Facecoin users get to know about it, thus bolstering its value.
Renowned venture capitalist Tim Draper shared with Fox business his view that the announcement of JPM Coin is "great news," since it will generate heightened awareness of Bitcoin.
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