Some Crypto currency enthusiasts and experts says that this new Bitcoin market price impressive performance was due to the announcement of Facebook coin Libra. Well, if this is true then expect more fast moving performances of Bitcoin before this year will end as Libra coin will about to be launched in the market before this year will end too.
I'm really not sure on this but I guess Libra cant be a negative ? The main reason I'm interested now is I heard it is a basket of currencies not just dollar, which means it could alter matters if especially sucessful.
However to then be bullish on BTC because of Libra is something different, they are not that close except for this idea of holding value online digitally in a kind of wallet. I guess it might encourage more activity in BTC but are you sure that BTC and Libra will be tradable against each other.
Of course informally, BTC and Libra will have links from personal offers by people to trade or swap the two. But I'm not sure actual exchanges will exist as the protocol for Libra is not open, I heard charges of 100k to operate as its network will be a thing.
The main reason for 10k is sentiment and people will take many stories as reasoning