CNBC’s Joe Kernen Bashes Libra Saying It Makes No Sense

CNBC’s Joe Kernen bashed Facebook’s cryptocurrency Libra saying it ‘’ makes no sense’’ and has now won over the crypto millennials on Twitter. The coming altcoin news today will discuss more his stance on crypto and how he hopped on to the blockchain value argument.

The fast increase of Bitcoin’s price this year has made even the strongest anti-crypto people consider the possibilities of crypto. Facebook’s entering into crypto has given Bitcoin some good promotion and free publicity and has now even influenced its price increase. What is even more important is that during the discussion about the security features of Libra, the crypto community on Twitter has a new hero. CNBC’s Joe Kernen pointed out:

 “Cryptocurrencies get their value from the blockchain… Are they calling it a cryptocurrency? Well it’s not.”

The crypto community already had one popular and much-loved Crypto Dad-J. Christopher Giancarlo who is the former CFTC chief, but now the bitcoin fans showed their love for Kernen as well. Of all the tweets that showed the love and affection for the CNBC host who has now quickly become the legacy finance hero and the one that turned out to be most memorable is the one saying that Kernen was the new crypto hero. As for his co-host, the crypto community called her pretty fast to talk trash about bitcoin in the past since she once compared buying bitcoin to buying lottery tickets and called Tom Lee’s suggestions crazy regarding the allocation of the people’s crypto portfolios. Now that Kernen became the new hero in the crypto community, the users are wondering will Becky follow.

Joe Kernen’s admission about decentralized blockchain transactions giving value to the number one cryptocurrency is groundbreaking for the show. It also outlined a significant trend for a further mainstream acceptance that has been confirmed since the institutional interest for crypto also increased.

As noted in the latest cryptocurrency news, Facebook’s crypto project Libra appears to have done many things for Bitcoin mostly positive. One of the things is that people are now looking more into bitcoin now than ever because of the history of Facebook and they are wondering whether the privacy features will be good enough.