So ת I've been all these reports about how Facebook is about to roll out a cryptocurrency as soon as next week and how it has helped bitcoin to notch its best weekly trading period in about three weeks. In fact, the exact numbers are: Bitcoin futures for June delivery BTCM19, +0.41% trading on the CME Group Inc. CME, +0.18% on Friday settled at $8,440, up nearly 2% on the day and up about 5.3% for the week, according to FactSet data, representing the best weekly gain since the period ended May 24. Meanwhile, bitcoin prices BTCUSD, +6.65% were at $8,604, according to CoinDesk, tracking near the digital currency’s highest levels since March. Now this seems all perfect, but what bothers me here is the dependency of crypto coins on the new FB cryptocurrency that implicit from this trend. What happens is the FB coin isn't successful? Do we all lose money? Does Bitcoin go back under 9,000?
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