Bitcoin is up an eye-popping 245% in 2019 so far.
And based on many business news headlines of the past week, you’d think bitcoin’s surge is all thanks to Facebook (FB).
But bitcoin was already up nearly 200% before June 18, when Facebook announced its plans to launch a cryptocurrency called Libra next year and a digital wallet called Calibra. And the Facebook news initially sent bitcoin lower for the first few days, before it recovered.
Bitcoin price surge is not just about Facebook’s crypto push