Bitcoin Forum

According to some cryptocommunity members there is a rumor that the Facebook social media giant might be holding Bitcoin on its balance sheet.

https://i.imgur.com/7thGQDN.png
https://twitter.com/alistairmilne/status/1386953429814333441

As one user commented, "I hope not, the companies that hold #bitcoin will probably survive the upcoming inflation."

What do you think?

Too bad Alistair didn't even provide what the rumour was based on(assuming it wasn't just some random guess by him or his source). Hence this rumour really isn't worth that much because we really have almost nothing to agree/disagree on lol.

I agree. I was just checking Alistair's Twitter for similar 'rumor' posts in the past.

So far, I've found one:
https://i.imgur.com/ZHff6Oo.png

 ::)

There's a chance that the Facebook rumour came from someone. But this one? Just totally absurd rumour that he must've been trolling. Like for that rumour to literally have some slightest merit, it could've been at least an old quote from Satoshi himself.

Probably on the fact that FB will surely publish its business report for Q1, and he uses it for his PR, whether he has any information that it is true or not. I read some of the comments below his post, and in some of them some mention that he already had similar rumors that proved inaccurate.


Still, I wouldn't be surprised if FB really announces that it has Bitcoin in its possession, when it comes to profits, companies like this don't choose ways - selling user data, Libra or Bitcoin doesn't matter.

I guess, but then this should be for most major cash-heavy companies. But yea, I guess mentioning a specific company will get you more publicity.

This will really really be an interesting few weeks for sure. There were also "rumours" about Apple, and their earnings report comes tomorrow(2021-04-28). *fingers crossed*

It's just a rumor, wait until the announcement comes from Facebook. I think there's a relation of the upcoming announcement about Libra. They've hired people who have skills in blockchain and understands the concept of it. I'm also assuming and guessing what the announcement will be.
But nevertheless, whatever will be the announcement of Facebook if it's related to bitcoin, that will bring good effect but if not, let's just accept whatever it is.

If Facebook really holds Bitcoin, then it seems really interesting to me that they still haven't announced it. Tesla made a huge investment and they announced it, for example. If Facebook also makes an announcement like it, the price could go to the moon again.

I don't know, but I would take this as a grain of salt. We need to see those report first to say that they hedge their assets against bitcoin like what Elon and his company did. So don't take his seriously and expect the price of bitcoin to jump.

Tesla buying Bitcoin made sense, because Elon Musk is quite an eccentric guy, but I just don't see Facebook doing something like this. When Tesla disclosed their BTC purchase, their stock fell a few percents immediately, I'm sure Facebook wouldn't want to risk such thing.

Also, Facebook showed anti-Bitcoin behavior in the past, they banned any ads that contain words Bitcoin or crypto on their platform.

At this point, I wouldn't be surprised if Facebook indeed ha some cryptocurrency holding. But it wouldn't make sense either for them to announce it, given they still have Libra in the shed, waiting to be revisited and be worked at again. Also, the reputation of Alistair Milne on these kind of things isn't one to be trusted since he made several tweets before regarding rumours that never came true.

Every large company are interested in bitcoins for a while now that it wouldn't really make much of a change if Facebook is one of them.

If this is true, I expect a huge leg up in the BTC price very soon. As much as I hate Facebook, they have an incredibly large userbase. I wouldn't be too proud to know that corps are investing in BTC either, but it is what it is. They're chasing profit, but the scary part is the kind of power they earn over the economy through their billions. Facebook and Tesla alone could cripple the markets within the snap of a finger if they wanted to, considering the mass of BTC they could own together.

Wouldn't make sense to announce before the investment. Tesla didn't either. It'd be a very bad idea. Best thing they can do is keep silence and invest in the background while nobody suspects a thing. Otherwise, Tesla or Facebook would have to purchase after a pump..

Facebook did plan to release their own token and seeing it from their view they must have good knowledge of how cryptocurrency worked for its own economy. I wouldn't wonder if Facebook or Zuckerberg holds Bitcoin but announcing it is just digging his own grave.

There is Facebook Pay though which works just like Paypal and adopting BTC with Facebook pay is possible, this is a good option for them than having Libra.

I wonder why people care so much about what celebrities said instead of making their own judgement. But it is a good news bitcoin if facebook decides to enter the game by holding a few bitcoin. But over, the news only create FOMO, nothing less.

It's because as much as we hate those celebrities joining the bandwagon, in a sense they are going to be a big boost to the market, just like when we confirmed that Tesla and Elon did invest big on BTC.

So I would say it's a win win for us. As far as Mark and Facebook goes, I still have qualms about it until we really see on their annual reports that they indeed invest on bitcoin just like what Tesla did. If so this will make a lot of noise, and probably we will see a big increase on the price.

It is a bad try to create news and lift up Bitcoin price.

Without such low value news, rumour I believe that many billionaires on the world have intention to invest in Bitcoin. Why not if they are billionaires and smart enough to make a decision that is not difficult?
Why not if they have big love enrich their capital with works, products, operations and Bitcoin investment is one the easiest and best option for them?
Less of pressure than company's operation management and kind of guarantee for profit in long term. It is Bitcoin.

Maybe it is still a rumor, a thing like this is not new for some persons who keep on spreading rumors without any evidence, he doesn't even input some source for that news so basically, he just created it without any valid proof. Maybe we just need to wait for the official announcement of Facebook if they are going to buy bitcoin or not but if this is true then it would give a positive lookout for the value of bitcoin and for the crypto community.

yes I agree with you. I don't believe this rumor, because Facebook doesn't like crypto. they prohibit crypto advertisements on the platform, which is one sign that they are not interested. it made more sense if they released their own coin, like rumors a few years ago. rather than investing in bitcoin.

My guess is that he himself is predicting that because that's a strong possibility and if he is right, his account would get ton of more street cred because he broke the news (not that he heeds it), and if he is wrong... Well, no one cares because it was a "rumor" anyway. I have to try that approach too.

So it is basically the safest approach of all of them because you can deny when it is wrong and you will be a prophet if it really happens. Some users say that it will not be true but who knows and Facebook suddenly changed their stance against bitcoin.

What's the point of discussing rumors?
Facebook either owns Bitcoins or it doesn't.The truth will be revealed,when they post their balance sheets.
I don't think that this will boost the Bitcoin price.It might bring back the hype for a while,but it will be only short term.
Who the hell is Alistair Milne and does he have any insider information about Facebook owning Bitcoinsor Satoshi sending his BTC to a burn address?I think that he is most likely speculating or lying about this information.

I agree that people should see valid proof before believing in this rumor. It is still a rumor until they finally announce or post any evidence that will support the rumor. Since no official announcement from Facebook, then it is still a rumor. I'll be one of the people who will support Facebook to join in Bitcoin. We all know that a lot of people are using Facebook, if it happens then more of people will recognize bitcoin and possible will give good value of bitcoin and for other crypto community.

I agree with you there.
Besides, as the news about tesla yesterday shows, corporations who do decide to hold an asset (this is all they see it as from the very start) do what is in the best interest of the stock holders of their companies and not what the markets are doing.
Even if they do, who cares.
They will sell it off on a whim when the price is right to do so,
At what their stock holders are wanting to do and dump it all at once if they want them too.

If my memory serves me correctly, Facebook did carry out such anti-advertising activities, but they were not aimed at Bitcoin, but only at banning ICOs and other similar unethical ways of extorting money from ordinary people. It's all about the jurisdiction, and the influence of the SEC, as Twitter and Medium have taken the same position as Facebook with regard to advertising allegedly cryptocurrency projects. And don't forget that there are still many great projects that benefit from this anti-ad policy, since such measures only strengthen the credibility of crypto companies with real infrastructure.

I agree. Facebook isn't a transparent and fair brand and even not revealing this information I doubt if they don't hold a portion of bitcoin in secret.
With so many big corporations nowadays adopting bitcoin, I believe a FOMO wave is created, especially among these giants, so no one wants to stay behind and miss the opportunity. At same time, many are too proud to admit the adoption in public, also because they badmouth the crypto currency in the past (or still do it in the present).

Hasn't the last RUMOUR about the crash that was retweeted endlessly taught anything?
We've had thousands of those already, don't you realize this is just some people coming up with stuff so they can't more followers.

What happened with Oracle? Oh, wait!
https://cointelegraph.com/news/bitcoin-price-sheds-5-after-oracle-keeps-quiet-on-4b-btc-allocation-rumors
How did that madness started, surprise, also from a tweet about rumors!!!

I am starting to think that Bitcoin will become a toy for the super rich and largest corporations, with many low level buyers priced out of the market. On the one hand it is good for current holders who see the price go up, but on the other hand if we see more adoption like Paypal - where they buy large amounts and then only allow it to be "redeemed" within their restricted ecosystem, then eventually there will be none left outside. Lots of these companies are only interested in hitching up their brand to whatever is popular at the moment, or have a load of spare funds and an owner able to manipulate more buyers like Tesla. For people who genuinely want to see Bitcoin exist long into the future resembling what it is today, this could be bad news.

The rumor pumped bitcoin to $56k 2 hours before Facebook’s submission of their quarterly report to the SEC and dumped when it was released with not a mention of bitcoin hehe. This is only another bitcoin maximalist who is larping.



Facebook’s quarterly SEC filing has no mention of Bitcoin, let alone of a Bitcoin purchase, defying market expectations.

For a few days leading up to Facebook’s earnings reported today, there was talk that the world’s most famous social network was about to purchase billions of dollars in Bitcoins: those rumors turned out to be precisely that – just rumors.

Source https://cryptopotato.com/massive-btc-price-volatility-as-facebook-apparently-didnt-invest-in-bitcoin/



@Fortify. Agreed. Michael Saylor and other institutional investors might also have influence on bitcoin’s roadmap for the future because they can threaten a dump.

It is just a rumour let them enjoy it and think what they want.
But sometimes rumours could have a huge effect just like this one.
Buy the rumours sell the news, Then cry later on for what you lost.
When would people learn to check some facts before believing what they see or hear?
This is the problem for most of the newbies they easily believe anything that they see or hear.

As big companies enter the crypto race, Facebook has to act so that it doesn't fall behind. Rumors about Facebook investing in Bitcoin have not been verified, but the effects of the news have caused Facebook's shares and Bitcoin's value to rise slightly (a few percent).
I believe more companies will invest in Bitcoin and bring Bitcoin to $ 100K by the end of the year according to experts' prediction.

Actually, if Facebook is proven to be holding Bitcoin, it will not be a surprise because I believe that sooner or later Facebook will follow
in Tesla's footsteps. But for now I find it hard to believe the rumors because there is no official statement from Facebook yet, but I hope
the rumors are true. In order to help the price of Bitcoin go up to $ 100k, because for Bitcoin to reach a price of $ 100k it takes several
companies investing in Bitcoin.

I think i saw a link regarding that news in one of telegram group i follow, someone shared it, although never bother to open and read full content but it has to do with facebook buying btc or so,
if thats true i think it is a huge news again for btc, since facebook intention to have their own token has been onhold i guess they can be part of the space with holding btc,
actually was expecting facebook to make the move long before now, after the paypal annoucement was expecting the news will come from fb, the big players seem to be showing off now,  all the same, they are welcome onboard.

The thing that I am most interested in from facebook so far is Diem (Libra) and it has not officially announced the process of releasing to the world community about this work.  And I want to see, the impact it has on bitcoin or public psychology instead of being interested in these news.  They have holdings of bitcoins they won't need to publish to get curious, get noticed  :-\

Not gonna buy that just yet.
It is still a rumor so...
However if it turned out to be a legit and factual, I won't be surprised. I haven't heard of their coin Libra quite a while now. I am not sure if it even succeeded as a project or not.

sad to say it seems that facebook's earnings report didn't show that they are holding bitcoin. I guess the rumor wasn't true after all. it would have been fun to see the reactions it would have made if the rumors were true.

check the several previous posts above yours. their earning report has been posted already and articles have been posted regarding it.

It is one thing announcing that you invested in Bitcoin or any other Crypto currency, but it is a whole other thing if they say.."We are planning to accept it as a currency on our platform in the future" .........now that will be great.  ;)

Lot's of large companies are buying Crypto currencies, like Tesla.. but they are doing this..because they are seeing it as an investment with high yields... (We need them to start accepting it as a currency and incorporating it into their technology as a payment option)  ::)

Facebook Market place neeeeds Bitcoin.... demand it!

I don't believe they are anti-bitcoin; I believe they have blocked advertising related to cryptocurrency because of the scam giveaways that have spread throughout the site. Yes, stocks have been decreased but the counterpart of it is they've gained in the crypto market.

It's a big risk for their business; consider that their bitcoin profit was nearly $101 million. Of course, Elon Musk is well aware of his actions and the consequences; I doubt they made this crypto investment on the spur of the moment.

So it's possible that Facebook will do the same thing, with proper asset planning.

I don't understand much about law, nor am I a lawyer or a law expert. but it seems to me that what Alistair did can be considered a "market manipulation" crime or am I wrong and delusional? because he didn't even mention the source of the rumor. it was a very bad move on his part, so his reputation will be questionable on a day that he posts something big and that is true people will not believe him.

who is surprising me Is Tom Lee, he managed to get his forecast right, from $18000 and $25000, but it is strange that the price is at $50.000 and he is gone. has not yet appeared to make a new forecast ;D

Exactly. All that companies do are for the interest of their profits, and most importantly, how to protect those profits. And the moment they decide it's Bitcoin is good news. And if they do sell it anyway, it's also good. It just keeps demontrating how easy it is to store value in Bitcoin and how easy it is to liquidate the BTC at a good market rate. Can't just dump gold :)

When the bear market comes, The company that is here for the profits is the one that makes the bear market deep. They can easily add to the bull runs hype and add fuel to the bear who is dumping, I can say that they can do small manipulation in the market as they want. Though this can help the cryptocurrency community to grow by making the company an influence to gather new crypto users.

Before we believe on that we really need a strong evidence or source that will make that statement legit.

If facebook will ever engage in cryptocurrency like bitcoin then it can be a possible positive effect in bitcoin's price in the market and people will panic.

But before that, to see is to believe, just state his sources and we're ready to absorb his information. Rumors are only just a story without proofs.

according to the article I read, Zuckerberg's dream or fecebook about the digital financial transaction system has been fertilized for a long time, that dream began in 2012, aka shortly after Facebook made an initial public offering, (ipo), in the form of an exclusive conversation, then in 2014, I tried to build that dream by recruiting Davit Marcus, the former president of Pay Pal, a startup company for the digital financial transaction system.
but regarding the rumors that Facebook wants to announce that they hold bitcoin, I personally think it will still be a rumor, because for me it's hard to believe these rumors, because there is no official statement from Facebook about bitcoin yet ,,

This news made me become really excited. But if Facebook has been holding Bitcoin for some time, then I wonder why they haven't announced it yet. Because they should already have known that even an announcement by a big company causes the price to increase a lot.

https://i.imgur.com/sOGTlmO.png

So, if he keeps his word it's probably we won't see him around anymore spreading "rumours".
Not that it's clear the "rumour" didn't materialize I guess it's time to /lockthethread to avoid all the garbage that rises from a garbage level tweet.


Not really, he hasn't posted anything fake, he hasn't made any claim and on top of that, there is nobody to sue him for this as it it's damn hard to show how this would have made you suffer losses.
You can be (https://www.sec.gov/news/pressrelease/2015-254.html) prosecuted for tweets for market manipulation but that's not the case here, even if a lawyer tries to do it it has zero chances of actually getting charged with it. And from facebook point of view, he's a nobody not even worth squashing.

If that types of rumers comes out in the market then no doubt bitcoin is going to breat all the price records. And truely if it comes out with a company like facebook or that type of company too. Well this also gives scarry news like if this type of news comes in the market and creat a hype after that the company comes in publically denied then the users who comes in the market by following that news they got a negative affect. So it might be little bit scary and its little bit risky too. Because all time rumers can't give best some time it could be worst.

I think all big tech companies own some bitcoin. Some of them have already announced this, others will announce it soon, and still others - perhaps I will remain silent and will not speak about it publicly. In any case, the temptation to buy bitcoin is too great not to use it. In addition, there are still a lot of private investors who have not yet publicly announced this, but they can do it at any time. Each such recognition makes Bitcoin more attractive to others.

Buy the rumor, sell the news is market folklore for a reason. But it's probably more prevalent than people realize.
In many ways, the market is driven by rumor and expectation. Sometimes, the news was way better than the rumor. In the case of Tesla, for example, the news far exceeded the rumor as far as bitcoin is concerned. However, some rumors remain just that: rumors.

I believe there are a lot more companies or individuals that are holding good amount of bitcoin but of course some are not disclosing their holdings for varied reasons like safety, avoidance of regulatory laws, or just to keep silent about it. And you can't blame them, after all, you can own your own bitcoin without alerting anyone. It is your own prerogative if you will disclose it to the public or not.

But with the disclosure of some top companies about owning bitcoin, gives more interest from the public. That's the reason why those companies publicly announcing their bitcoin holdings, are giving motivation or inspiration for others to buy their own bitcoin.

Wether they will disclose it or not probably more companies are attracted to hold BTC even a small portion of it. If all major companies reveal their holdings to the public just imagine the influence it might create. I think most companies may choose to keep secretly holding BTC for a good reason.

I wouldn't be surprised when facebook really hold their balance in bitcoin since we have been known that they are trying to make their own crypto currency. At least by this rumor they can easily attract many new user or even instutional investor to support their crypto curreny. As we already know that they are difficult to lounch their own crypto currency just because US government.

In other side, I agree with some people above me who argue that the rumor just came from the someone that has no popular. We don't know about him at all and yeah shoul have a little trust to what he says. Also, I just thinking that we shouldn't be surprised when there is companies who decide to buy and holding bitcoin because bitcoin ia deserve to getting it.

I mean as Facebook most of us will not be surprised at all that they are already holding bitcoin at all, Bitcoin is a big investment so a lot of companies are already seeing it as an asset.

It could easily just be a rumor, in social media like tweeter everyone could just tweet something about rumors and they are thousands of these rumors on tweeter.

Bitcoin could easily blow up in just 1 article about Facebook buying bitcoin, I guess it is always worth it to buy the rumor in the case of bitcoin in the first place it is already a good investment. Just like what they say buy the rumor and sell the news.

While it is true that the certainty of the rumor is not yet known, I do hope that it is true. If a company as big as Facebook hold bitcoin in their portfolio, it means they believe in the potential of bitcoin and they've adopted it. I'm sure you know what this means for the crypto community.
This would mean that, because of the large number of users, there would quite a lot of people who would adopt bitcoin and other cryptocurrencies.
I strongly believe, whether true or not, that this is good publicity for bitcoin and other cryptocurrencies.

well, will this be a marketing war on facebook and twitter? Is this the impact of Elon Musk's tweets on the Doge market?
Increasingly it looks like a trick on the whales to make waves and take advantage. we know that rumors can affect the crypto market.
our task now is to be vigilant and more selective in watching the news, not to be easily provoked, and to be prepared for good opportunities. whatever it is, if it has the potential to bring benefits, it must be used.

One to remember: Never believe in RUMORs, or even spread it.
Rumour may be always a rumor, not changing. 'It is better to spread the information officially from the sources and also the related parties, not based on rumors from somebody to else or from twitter without any proves.
Well, about Facebook itself, maybe they will. But how is it about their Libra?

The rumors about whether Facebook had invested in bitcoin has been revealed. Zuckerberg announced that Facebook reached a revenue figure of $ 26.1 billion in Q2021 demonstrating that it can continue to work in these times of crisis by offering more to its users. The figures respond to the palpable growth because we can see that Facebook is offering users the opportunity to create and grow their businesses of any size.

In other news: Facebook Quashes Rumors About Holding Bitcoin on Its Balance Sheet (https://u.today/facebook-quashes-rumors-about-holding-bitcoin-on-its-balance-sheet).

Sorry for those who still believed that Facebook will hold bitcoin on their balance sheet. We all know that the social media giant has a love and hate relationship with bitcoin, so when I see the rumour I said to myself that this is not going to happen. And for all we know, they could be still in the works to make their own crypto so why support bitcoin in the first place.

The owner might still jealous with how the twins turned their money after the settlement.

And getting your point, FB would rather pushed to create their own coins than supporting this current existing crypto.
Rumors though won't comes around without nothing, they might saying something but doing another thing behind.
We can't tell what's the real score here, only relied with available information that sorround us.

No because he mentioned that it was only a rumour. However, Elon Musk’s tweets on bitcoin and dogecoin can be considered market manipulation, I reckon.

I speculate that the maximalists are beginning to be in desperation hehehe.

https://i.ibb.co/hftzZqh/D1-BA07-D8-35-FD-41-B9-B2-A0-8-DCDE86104-DC.jpg

Is been 3days now, the rumour is yet to be confirmed. Facebook announcing that they have bitcoin on their balance sheet would be a positive news but not the final good news as smart people over the world have decide to taking destiny in their hands by simply holding bitcoin against the government and capitalist advise.

There is nothing to confirm because Facebook isn't announcing anything. This is a big company like Microsoft that is being used by the government to watch over its people, Mark is not going to grill himself for announcing he has BTC even if he has some. Facebook prefers to create its own coin though.

Facebook will likely respond yes they have Dogecoin is Alistair spread such rumor about Facebook.

I saw a post that Fox news has posted this on their headline in national tv. But all of it were rumors and there is no announcement, there is no big news about Facebook or anything.
I think it's already done and we shouldn't expect anything anymore and it is better to lock the thread.

Its only a rumour and nothing else and do not anticipate Facebook will reveal anything about it. Only thing they might want t talk about the progress of their coin if they wish too else do not anticipate anything form them. Almost anymore user of this social site as well so nothing attracts me of this anymore.

there is no official source or anything related to this. can be true or false depending on the parties concerned. but if this really happens it will benefit all parties because several large companies and investors keep coming and buying bitcoin.
It would be better if Alistair includes something related to the details of the source if this is not based on my own sources, I am still hesitant to believe it.

Hopes were high in the Bitcoin community. The rumors about Facebook entering the market were omnipresent. After Facebook then presented its quarterly figures, disappointment spread The frustration of investors also seemed to have been transferred to the BTC price, which fell in the meantime to 53,563 US dollars. But there is some truth to every rumor. Perhaps Libra is being considered internally and Bitcoin is the way to go. We will see.

There is no truth to the rumor, people always shill and certainly it is to create a hype and Facebook did not report any BTCitcoin holdings and many are not aware that Facebook changed the name of the Libra project to Diem and so that is the development that is going on with the project which means no one really cares about what they do unless they launch something meaningful for the cryptocurrency market.

I too felt it was a no-truth shill because no one can tell this in advance. Also, Facebook has burnt its hands in the past by jumping into "LIBRA". I don't think they will do something like this. Even if they hold BTC, they won't announce it. The tech giants are holding crypto, that's for sure but they won't announce until they feel they can defend their move.

Even if that's true (profit taking companies making bear markets go deep) there's nothing wrong with that. Like I said, if people sell and sell a lot like it, it proves just how liquid BTC markets are. As opposed to gold where you even have to find a buyer and then arrange for safety and security etc.

If there's nothing wrong with big buyers, shouldn't be anything wrong with big dumpers:P

If they had published it on Foxnew, couldn't it be just symbolic as clear proof if they wanted to do so?  Their moves were turned open to gain attention, they didn't do it, it was still a fomo, imo better.  I wait, Rumor will have something for us coming on Twitter.  Lol
So far, not news with Libra. except for information that they want to rename its brand.  Their darling still walks in silence.  If they own bitcoin, perhaps it will have a clear roadmap ahead.

There is still no announcement from Facebook side. I was really excited when I saw this news first. In the end, such announcement could help Bitcoin price increase a lot for going to the moon again. We saw how much Tesla's huge investment effected the price. I can't even think what would happen if Facebook does the same.

This is just rumour without any reliable source. As you can see on the tweet. The author of the tweet just get a random comment on other social media platform to hype again Bitcoin since the uptrend is starting again. I'm not against boosting Bitcoin price but hyping the market is not good in the long run compared when it grows organically without hype from a fake news/unofficial statement.

What will happen when Facebook states that it already holds bitcoin, of course, the price will go up very crazy, like Tesla who stated buying Bitcoin.

Bitcoin is starting to become an optional payment instrument used by large companies. Adoption like this is what bitcoin needs to remain number one as the most valuable digital asset.

Facebook is a large company that has users all over the world and this is a good opportunity if Facebook holds bitcoin.

It's still rumour huh? but even if it happens i won't be surprised. After tesla, i bet many company might follow the same path and announce their support of bitcoin. But if i'm not wrong, i remembered facebook has their own coin? or my memory is wrong? How's their coin doing? why don't they publish it as well? but well, bitcoin holds more power than their coin, so it's probably that they want to take on the profit and hype as well. It's good news though, who knows the announcement from facebook might increase bitcoin price again?

Target is right. There is absolutely no point in such an announcement in general. However, as it is a public company, I am not sure if they have to inform their investors ad hoc to some degree? Could that be a possibility? When they have to prepare their balance sheets, I would expect they have to list what type of assets they hold. I don't know. Any thoughts about what I just said?

I haven't reviewed the data for this year, but Facebook Q1 2020 revenue was $ 17.74 billion (now multiply that figure by 4). I mean, a conglomerate like Facebook, despite its three billion audience, is pretty centralized and pro-politicized. I don't think they will invest in anything that is outside the control of the SEC, let alone the fact that they already have problems with Libra. The best solution for them is to acquire several cryptocurrency companies that deal with BTC directly.

This was funny. Everyone can just say anything and there is nobody to judge them anymore. I'm tired of these stupidity in twitter and all social media. I just have twitter account for bounties and not even reading or posting anything else. I'm not sure who is actually using these mass stupidity social media, but I guess a tweet like that one was targetting investors of lower intelligence.

A rumor is a rumor. Has no facts that can backup the claim. So don't listen to those. Anyone can say anything. Doesn't matter if it is Alistair or someone else. People do this sort of things for their own advantage - create FOMO, disrupt the market and exit as soon as possible with profit. And look, no one will care if his rumors weren't true. But when one of his rumors do come true, everyone will start thinking he knows a "lot" of information unknown to public and hence start to "worship" him. So people like him will keep on making baseless claim until one of them come true.

The failure of the Libra currency project that Facebook is planning to release is a big question. In fact, Libra does not meet the requirements as a digital currency, but why does Facebook not comply with these regulations.

The solution that you convey about acquiring another cryptocurrency company is a possibility that might be taken by Facebook, because the very strict SEC regulations make Facebook unable to move.

cryptocurrency digital currency is growing. large companies inevitably have to keep up with the development of digital technology. cryptocurrency will be the most popular technology in the future.

Leg cross as we wait for their Q1 report. Who knows, maybe they are holding like the Tesla company did. There are always rumors from crypto-world and this could be real if their report is out, so, let wait for their report. If this rumor will be true then bitcoin will experience some big adoption as more exposure will set in.

No, I do not think that Facebook is going to make such statement. This rumor is quite fake and it is drawn to attract more followers, more tweets and love. It gives us no practical information

Bitcoin is the most valuable asset on the world. Therefore, I do not need any company to make an annoucement in order to increase its price, even Elon Musk. In a long term, bitcoin will soon replace gold and increase its marketcap to more than 10 times

Well, I hinted that the adoption of Bitcoin by Facebook would formally mean the approval of the SEC, given the politicization of this giant ... which, of course, would negatively affect the dollar and those who own printing presses (FRS). That is why I logically assumed that the most reasonable decision for Facebook would be to buy a Cryptocurrency company or merge (in my opinion only three companies can meet the interests of Facebook: [1] Filecoin, [2] Dfinity, [3] Coinbase).

It was already confirmed in their quarterly filings and report that Facebook does has not bought any bitcoin to hold in their treasury. It did not mention anything about bitcoin. What other confirmation is everyone looking for?

@icopress. Agreed that the most reasonable move for Facebook is to buy and exchange or a crypto mining company, however, not an altcoin company.

All of this is hearsay. I would say that we need to wait from the social media giant itself before we can even assume that this is true. If this has something to do with the announcement about Libra then that might the it. I mean the information is not that solid so we really cannot assume at this point that this news is legit and that news is legit. If this is true and if this will happen this year then we have to prepare for it, if you are a social media fan and want to earn from it as well.

Just another baseless rumor and these sort of stories really make Bitcoiners look like buffoons in front of others and make them a laughing stock. If mainstream investors are still hostile to Bitcoin and the other cryptocurrencies, then you don't need to look too far for the reason. Rumor mongering such as this one is the primary reason. From what I have found the proportion of fake news being spread in the cryptocurrency sector far exceeds those which contain at least some amount of truth.

Facebook already posted their quarterly earnings report a few days ago and revealed that they hadn't bought/own bitcoin. the twit is an attempt to stir the market and the only reason why people became curious, believed, or hopeful that the company giant owns bitcoin is because other company giants have been publicly revealing that they have invested in bitcoin and is getting a lot of attention from mainstream media, bitcoin enthusiast and other people.

That's why there is a "rumor" in the title, of course it will be a hearsay because it didn't come from their announcement. You are right that we have to wait for their official statement, we can't do much about it so we just have to wait I guess.

Few time ago, i heard that Facebook will announce their own cryptocurrency. but after here both that now i am confuse which is rumour or which is true. i think Mark zuckerberg owing big giant sight, he himself will announce about it whether he will have his own currency or carry Bitcoin.

Could you explain why you think that buying a mining company for Facebook is the most viable option? Since when I talked about Bfinity, Filecoin and Coinbase ... I meant that these companies are leaders in their fields and I am almost sure that in 10 years they will be able to compete with Amazon and Google (if you, of course, understand what is at stake, given their type of activity). Despite the fact that they have their own token, I would not classify them as alt companies.

You never know who put that rumor out for discussion. Could have been anyone for any reason, but I also find it ridiculous to even discuss whether or not Facebook holds Bitcoin. To me it wouldn't even be big news anymore. Would it be big news for anyone around here if Facebook says they own some Bitcoin?

All are just rumors and theories that have been put forward.
Bitcoin increases in price for many reasons not just buying companies and organizations. Factors of political instability are also one of the causes.

This rumours always happen in here but nothings happened..actually this can help spreading bitcoin all over the world wherein since facebook is really part of our daily routine especially nowadays despite of the pandemic, for sure online seller will be the target and and next will be new investors, indeed in facebook mostly advert are trading so this is not bad although seems fake. Lol

according to the article I read, Zuckerberg's dream or fecebook about the digital financial transaction system has been fertilized for a long time, that dream began in 2012, aka shortly after Facebook made an initial public offering, (ipo), in the form of an exclusive conversation, then in 2014, I tried to build that dream by recruiting Davit Marcus, the former president of Pay Pal, a startup company for the digital financial transaction system.
but regarding the rumors that Facebook wants to announce that they hold bitcoin, I personally think it will still be a rumor, because for me it's hard to believe these rumors, because there is no official statement from Facebook about bitcoin yet ,,

Their progress attracts me if its related to cryptocurrencies especially if it's about bitcoin. Right, it remained to be a rumor and there's nothing to be expected anymore until they're the one to update us with anything that they do related to cryptocurrencies and blockchain.

No, not everything that's posted on the news are significant. They're putting it on headline to make their episode take a lot of attention which is favorable for them. Just as the usual common engagement posts in social medias but them, in mainstream media.

Its accuracy is unknown until a statement comes from Facebook. This is a method used in the market with a lot of speculation. With facebook bitcoin ownership, many people may want to invest in bitcoin. A big company like Facebook gives people confidence. Even if Facebook is in this market, I should be too. but because its accuracy is not certain, it is a news that should not be credited now.

Official statement coming from Facebook itself will validate this rumor. Up until then, people are just speculating about the holdings of FB. But I have the feeling that Zuckerberg himself has his own stash of crypto, he is not very open about it in public. When they announced about the Libra coin, I believe Zuckerberg is already into crypto. Because its launch is shrouded by too many controversies, maybe the reason why he is mum with crypto right now. But only a matter of time before we will see what's happening behind those curtains.

I agree that Coinbase might be one of the leaders in its field. However, Bfinity and Filecoin to become companies worth billions of dollars and compete with Google or Amazon is a dream. They might end similar to the many ICOs of 2017.

Even if this is a rumor now but one day facebook will have to announce that they are investing in bitcoins. Facebook had a plan to implement its own currency which was a complete failure. However if they allow bitcoin payments within their platform and also hold bitcoin in their balance sheet, it will be very good for the bitcoin and facebook community.

- Libra was once a strong sign of the growth of facebook in this field but after many years, the reputation of this project was lower than ever, the information just always stops at that level, with no further process going on, maybe they realized their project could hardly compete or this was just a rumor at the time to attract more people to bitcoin, the author of the rumor is probably someone else. Today, information that related to facebook once again appeared and in the context of such manipulation, this is probably a new rumor.

It has a huge impact on the market especially if a social media influencer has lots of followers. It will be a big deal because it could catch the attention of lots of people especially the platform users. We should know that good or bad publicity is still publicity. However, we should wait for further announcement if Facebook would really invest and hold Bitcoin.

The Twitter user, Alistair, must be some funny dude or simply trolling for alleging in 2018 that Satoshi sold off all his Bitcoin @ $5,000. So, what happens to the 1 million Bitcoin believed to be Satoshi's stash which hasn't been moved from that wallet since and are still intact. If Satoshi sold, the Bitcoin would've changed wallets.

On Facebook, I believe Mark and his entity will hodl some. If he doesn't believe in the Bitcoin dream, he wouldn't have harboured the idea to want to float Libra; a crypto that is yet to see the light of the day. I'm cocksure Mark has Bitcoin he's hodling.

Anyone knows what even happened to Facebook's plans to develop their own digital currency? Did they forfeit those plans or is there any specific reason for the delay? Haven'T heard anything about it in quite a while.

I think this corporation has a lot of different projects on the account of cryptocurrency, just until they finish them, there is no reason to publish something ahead of time so that they can make excuses later. I would not be surprised if, after a certain period of time, they announce, like other corporations, the possibility of conducting some kind of cryptocurrency transactions. This is at least becoming fashionable in the tech sector now.

When we think that a big company like Facebook has millions or maybe billions of users, it can be a great step forward. When big companies like Facebook invest in bitcoin or any other altcoin in this way, it can mean that we have the chance to reach millions more people. people put forward what big companies are doing. there would be an important development for the market.

There are several media that preached related to this rumor and until now no one has not been related to confirmation of the official rumors from Facebook.
And what kind of rumor is this? Is this only used to increase the name or value of Bitcoin? Or only a hope?
Actually, this kind of rumour may happen in many terms, but Facebook is a big company in which they also have their crypto to release.
Well, what we can do right now is nothing. We should even trust it when it is uttered officially by Facebook itself.

it doesn't matter who has the information, but it ceases to be information and becomes gossip when no source can be verified.

When creating content of any kind, however simple it may be, the source should always be verified, one cannot echo news or data and in general any type of information that is based on "rumour".

In fact it makes me part of the gossip to give my opinion on the "Topic".

Today many want to become an influencer of the price of bitcoin in the future and create false expectations.

i think if facebook company hold bitcoin it is advantage to those bitcoin holders because probably if facebook will invest big amount for sure the bitcoin price will go up and it is very good for us crypto holders. many company including big company names have already engage in bitcoin and they totally hype btc .

In my opinion, it is very unlikely that the Facebook company will adopt bitcoin, didn't they previously say that bitcoin is not good for investment because there is no guarantor for the asset, so they make their own stablecoin called libra and which can guarantee our assets like conventional currencies in general , but so far there has been no sign of launch.

I was absolutely sure of it. There's no reason to think otherwise, really.

very good news if this really happened. because If a large company like Facebook holds bitcoin, it means that the price of bitcoin will soar.

It would be absurd to believe the word of a large corporation like Facebook, their vague policies and statements are always plans to distract competitors, they don't care about bitcoin but they have implemented the libra project in the past and this project wants to be successful, it forces a link to bitcoin. The actual theory and action are inconsistent, most likely they are coming up with another plan into bitcoin as soon as they see bitcoin has grown too much.

i don't know if they have given up on that or not but it has been a failure so far. nobody was interested in it and they faced a large number of regulatory problems with the US government that was planning on shutting it down anyways.
with the way they are looking into bitcoin now, it seems like it is done deal.

The government's position on Facebook's digital currency is astounding because that would be a currency the government could monitor and force Facebook to hand out their data. Facebook would have no choice but to cooperate if the governments wants them to.
Instead they are now trying to get insights into decentralized blockchains like Bitcoin.

Not just Mark but also Jack of Twitter and the rest to hand their data regarding social media outrage against the government, they were summoned to report there. The good reason for them to cooperate and change the TOS and policy to their platforms.

I suspect Myspace owner didn't participate in the government that is why the company died. Maybe forced by the government to not develop further. Thus replaced by facebook.

Cointelegraph article says Mark is BTC maximalist. 

Well, first they decided to rebranded it from Libra to Diem :D and since then the media got really quiet on it probably because there isn't anything worth

mentioning if anything even developing.

It could make for a crazy project - DOGE 2 type coin  :D

Facebook is on the cutting edge of IT and is cryptocurrency friendly. They deserve to have enough.

What is the real purpose of publishing bitcoin holdings and simply holding nothing more than that? I don't see this is important news and I'm not sure if knowing that a large number of bitcoins are in the hands of influential people is a good sign. There are many anonymous whales who never announce thousands of bitcoins in their wallets.

Except facebook also plans to implement bitcoin into the platform's financial system. I see facebook is slowly migrating from a social platform to a business platform. But I remember that Mark still has regulatory issues, this won't happen anytime soon.

Facebook may have made a reassuring move on behalf of this market by holding bitcoin. this news excited me. because at the time i think facebook is a huge company. and I feel safer when a big company buys bitcoin. I would like big companies to invest more. Since people trust big companies, their presence in this market is a great move in terms of both the development of the market, attracting new investors and providing big money inflows to the market.

perhaps to attract public attention, such as a tweet on Twitter. well, I also think it's just a kind of marketing strategy to attract more users. even without doing this, FB has also dominated social media with various features that have been widely used to date.
maybe the effect will be more significant if fb announces it will use btc or other altcoins to make transactions on its platform, this is a good adoption.

Will this affect the price of Bitcoin? Most likely, yes. But I doubt Facebook will announce it.

Anything is possible mate, and maybe they just trying to diversify their portfolio and put some of them to cryptocurrencies including bitcoin, even mark zuckerberg has recently teasing people by naming his goat facebook though maybe it's just merely a tease and nothing more.
their libra coin also seem to be stagnant these days, maybe the company just playing safe and wait until CBDC out first then they gonna release their own version of stablecoin but IMHO the most logical scenario is that their company just follow other company that try to invest in crypto alike.

Facebook will have no choice but to announce it they are a public company and they have to be at the least transparent to their investors as to where they are putting their money.

It looks like it was a false alarm. But still it may indicate that Facebook plans to do so. I really love to see it as we saw its effect on the price when Tesla announced their huge investment into Bitcoin. I actually don't like the price's being manipulated easily. But we have nothing to do about it. So we hope to see it in a positive way.