Mark Zuckerberg is now attached to Bitcoin: a goat, not the cryptocurrency.
Mark Zuckerberg calls his pet goat as ‘Bitcoin’
On Tuesday, May 11, Business Insider Markets Insider reported the unusual name of Facebook CEO Zuckerberg’s pet goat. On his social media page, he shared a picture of his two pet goats called ‘Bitcoin’ and ‘Max.’ As expected, the similar name of his goat and the most popular cryptocurrency made a lot of crypto users anxious on the meaning behind this post.
Crypto theories were made out of the said Facebook post. Majority of them think that Zuckerberg was only giving hints of possibly buying Bitcoin soon. The post was even linked to the CEO’s last month statement about Facebook buying Bitcoin too. Others also believed that Zuckerberg will introduce Bitcoin in the upcoming annual shareholder meeting.
“Is Mark Zuckerberg telling us he is a bitcoin maximalist with the names of his goats?” Anthony Pompliano, a crypto investor and personality in the crypto-sphere, tweeted.
Is it possible?
Of course, chances that Zuckerberg is implying something about his goat names is slimmer than thought. After all, the CEO has not yet mentioned anything about cryptocurrency for the past months now. Or even Facebook is interested to make it happen with Bitcoin.
For now, we have theories to remember if the Facebook-Bitcoin partnership is actually true.
Facebook’s Diem cryptocurrency
Aside from the fact that the goat names could just be a funny way for Zuckerberg to stir up the market, another thing that makes the post unnecessary is the fact that Facebook has its own cryptocurrency to promote with.
Early last year, Facebook launches its own cryptocurrency, originally called as Libra, now termed as Diem. David Marcus, the head of Facebook Financial, also known as F2, said in December 2020 that Diem and its wallet, Novi, are expected to be officially in the market by 2021. He even sent a message to all people criticizing the coin to give it a little ‘benefit of the doubt.’
“I think you’d be hard-pressed to find any company that has done this in recent history of actually building something, investing considerable amount of resources into it, and then saying ok, we are going to relinquish our power here and we are going to try to make it as open ecosystem as it can be and basically tie one or both hands in our backs when it comes to enabling competition on the very thing that we’ve created,” Marcus said.
“I think all of those things that we’ve done — which has created all kinds of complications in the execution of this vision — is I think a good reason to give us the benefit of the doubt in terms of our intentions and what we plan to do here.”
Unfortunately, we’re not yet seeing any progress on this specific coin, as of now.