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Rumor Has It Facebook HODLs Bitcoin

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@joetunex
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While this remains a rumor at this stage, it will no surprise if Facebook holds Bitcoin on it's balance sheet and foolish of the social media giant not to own Bitcoin.

Personally I would prefer Facebook not owning Bitcoin but that's highly unlikely, Mark and his Facebook could be HODLing BTC and not make it public. Owning BTC will simply add to Facebook's net worth and having part of what is supposed to be the people's currency now hijacked by big institutions further puts dents on financial freedom for the masses.

Like taskmaster4450 often mention in his posts, Bitcoin have deviated from what Satoshi envisioned, it no longer a currency for the ordinary person, it has been hijacked by institutional investors buying millions and billions of it off the market.

According to Alistair Milne, Chief Information Officer at Altana Digital Currency Fund, the rumor suggests that Facebook is set to announce that they hold Bitcoin on their books in time with the release of their quarterly results. This is projected to happen as the trading day closes tomorrow. Source

Whether Facebook HODLs BTC is true or not publicly, I would like to think it HODLs BTC privately. Considering Facebook's hunger to launch its digital currency which have been met with opposition and now working on a Stablecoin to be pegged to fiat.

With BTC hijacked, the beauty about blockchain technology and cryptocurrency is the options available to us are infinite, it is up to each individual to identify cryptocurrencies not yet hijacked and keep stacking up.

It's the big institutions, central banks, governments and the masses seeking which kind of currency will edge the others.

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