CNBC Host Joe Kernen Claims He Is Being Treated Like A God On Twitter for Facebook Libra Comments
- Joe Kernen receives support from crypto Twitter for his comments about Libra and Bitcoin
- Libra is the new digital currency released by Facebook
CNBC Host Joe Kernen seems to have become a “god” on Twitter. This comes after a June 19 interview he made on Squawk Box where he questioned whether Facebook’s Libra is a real cryptocurrency. Kerner said that the digital currency does not call his attention at all.
Is Joe Kernen A Crypto Twitter God?
Facebook has recently released its virtual currency and blockchain project Libra that aims at improving transactions and payments for users. Individuals will have the possibility to process transactions for almost no fee and immediately.
Many analysts and enthusiasts started to ask whether this project is going to be affecting Bitcoin (BTC) or helping it expand. It seems that Mr. Kernen believes that Libra is not even a blockchain-based virtual currency and that it has no value as other cryptocurrencies.
About the effect that he comments had on Twitter, he commented:
“If you put in a dollar, and your stupid digital currency is worth a dollar, that’s not a cryptocurrency — all the blockchain transactions actually do create some inherent value. Making a digital currency that’s based on a fiat currency makes no sense.”
He has also mentioned that is is currently bullish about Bitcoin. He said that millennials are “holding” him up like he is a god. “They are so smart,” he commented during his June 20’s broadcast.
— Squawk Box (@SquawkCNBC) June 20, 2019
According to Anthony Pompliano, the co-founder of Morgan Creek Digital and Bitcoin bull said that Facebook’s Libra is something positive for Bitcoin. He believes that as new users enter the market and have access to a virtual currency, they will also know about Bitcoin and which are the benefits of using this digital asset.
Joe Kernen mentioned hat decentralized blockchain gives value to Bitcoin, which is very positive for the digital currency. However, Libra would help users with no knowledge of virtual currencies to learn about them and how they work. Moreover, Kernen suggests that using a virtual currency that is backed by fiat currency has no sense since it is, in fact, using the same flawed mechanism as fiat currency.
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