This week, Facebook decided to reverse its decision to ban all the related cryptocurrency ads on the platform, enforcing some policies against some type of unregulated and untrustworthy companies and ICOs, but letting Bitcoin off the hook. As soon as it happened, many experts started to say that this could have a huge effect in the cryptocurrency market.
Nigel Green, which is the founder and CEO of Devere Group, has been pleased by Facebook’s U-turn and believes that this will drive the market towards the bulls (meaning that the prices will increase once again).
According to the CEO, the lifting of the ban should be welcomed and cherished. He believes that the end of the ban will lead more people to invest in cryptocurrencies, especially Bitcoin, and this will make the market grow again and become one step closer to the “unstoppable cryptocurrency revolution”.
Green believes that many investors are looking at the bigger picture and that they can clearly see that the price of Bitcoin is still 140% higher than last year, even if the prices of the market are dropping recently in comparison to the all-time high that the token reached during December.
IqBal Gandham Agrees With Green
Nigel Green is not alone on his predictions. The UK Managing Director of eToro, Iqbal Gandham, has stated that he agrees with Green’s sentiment about the upcoming change in the crypto market.
According to Gandham, this change is fundamental for advertising in the market and he believes that blockchain is here to stay, so legitimate businessmen that work with crypto should not be lumped with the rogue operators of scams.
There are rumors surfacing on the web that Facebook might be interested in buying Coinbase, which is the leading US exchange. If that were to happen, the dynamics of the cryptocurrency market would surely change and the prices would be driven higher than ever.