Over the course of the last few weeks, Facebook’s new cryptocurrency Libra has been the hot topic of conversation within the U.S. government. From Congress, to the Senate, to the Federal Reserve… all the way up to the oval office.
U.S. politicians and regulators are currently freaking out about it—and in my opinion, for damn good reason. So in this video, we uncover exactly why that is by looking at the big picture behind what’s happening with Libra.
🎬 SHOW NOTES & RESOURCES:
1. What is Libra (Cryptocurrency)? — Friend or Foe?
2. House of Representatives Letter to Facebook re: Libra:
3. Libra Senate Hearings:
4. Fed Chair Jerome Powell on Bitcoin:
5. President Donald Trump on Bitcoin and Libra:
….Similarly, Facebook Libra’s “virtual currency” will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National…
— Donald J. Trump (@realDonaldTrump) July 12, 2019
👛 BEST CRYPTO APPS & SERVICES:
1. Coinbase (great for converting your cash into crypto, SAVE 10% using this discount link):
2. Binance (great for trading your BTC and ETH for other altcoins):
3. Trezor Model T (high-end hardware wallet with top-notch security, ~$160):
4. Ledger Nano X (high-end hardware wallet, bluetooth-enabled, available for pre-order ~$120):
5. Trezor One (great hardware wallet for storing BTC, ETH, and ERC-20 tokens, ~$50):
6. Ledger Nano S (another great hardware wallet for storing BTC and ERC-20 tokens, ~$50):
7 KeepKey (the simple hardware wallet, great for beginners, ~$40):
8. Ledger Blue (high-end hardware wallet with touch screen, ~$200):
9. Earn.com (great for earning free BTC and other altcoins):
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❓ QUESTION OF THE DAY:
What is your opinion about Facebook's new Libra currency and its ongoing battle with the U.S. government? Will the government keep its sights on Libra, or is Bitcoin (BTC) the next target?
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I’m not a certified financial planner / advisor / certified financial analyst / economist / CPA / accountant / lawyer. The contents of this video are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. By consuming this content, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found herein.
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