Opinion: Bitcoin at $10,000 is about more than Mark Zuckerberg

Rather than blame Zuckerberg behind Bitcoin's sudden rise, we need to grapple with the real-world problems that fuel people’s desire for a golden ticket Apparently, Mark Zuckerberg has helped Bitcoin to surge past $10,000 again, a price it first surpassed in 2017 as part of an epic speculative bubble that popped not long after.

Last week, the Facebook Inc. co-founder unveiled his social network’s cryptocurrency, Libra, a corporate version of Bitcoin that embraces regulation and is backed by fiat money like dollars or euros. (Bitcoin doesn’t and isn’t.)

No matter the glaring differences between the two digital tokens, the symbolic coming-together of Zuckerberg and the Winklevoss twins – whose post-Facebook career has been all about dragging Bitcoin into the daylight of mainstream finance – has created a narrative where crypto has “made it." If Zuckerberg is praising it, not burying it, this thing must be real.