With social media giant Facebook announcing its financial report, it became clear that the company’s claims that it had bought Bitcoin did not reflect reality.
There have been allegations against social media giant Facebook that it has been buying Bitcoin for some time. This unverified rumor even made its way to Fox Business on April 28.
But when earnings expectations were announced late last night, Facebook did not share any details about the Bitcoin (BTC) purchase that the cryptocurrency community was eagerly awaiting, and these claims turned out to be untrue. For now, this suggests that the company has not invested in Bitcoin or has other plans to give the public its Bitcoin and cryptocurrency-oriented information.
We don’t know if a Bitcoin purchase will happen by Facebook in the future, but right now Facebook is already working on its stable coin. Along with Facebook, many companies and countries are working on their digital currency. Companies are preparing for cryptocurrencies. However, many companies are now starting to include cryptocurrencies, especially Bitcoin, in their reserves. Big companies like Tesla and MicroStrategy play a huge role in the overall acceptance of cryptocurrencies.