Home Finance Mark Zuckerberg Shows Interest in the Cryptocurrency Market

Mark Zuckerberg Shows Interest in the Cryptocurrency Market

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The famous Facebook CEO Mark Zuckerberg is showing interesting towards the cryptocurrency market. However, this shouldn’t surprise anyone since Bitcoin, Ethereum and Ripple are all that everyone is talking about nowadays.

Traditionally, stock investors were skeptic about putting their money in the cryptocurrency market, but the entire world has changed its view on the market since Bitcoin, Ethereum and Ripple’s prices have skyrocketed.

Facebook Interested in the Cryptocurrency Market

During a recent interview, Mark Zuckerberg said that he is going to look into the association Facebook has with cryptocurrency. Although, this doesn’t necessarily mean that the Facebook CEO wants to invest billions but rather that he wants to make sure there is no foul play at work.

This is what Mark Zuckerberg said in a recent post: “There are important counter-trends to this – encryption and cryptocurrency – that take power from centralized systems and put it back into people’s hands. But they come with the risk of being harder to control. I’m interested to go deeper and study the positive and negative aspects of these technologies, and how to be use them in our services”.

Persistent Problems

The problems that Mark Zuckerberg wants to fix are related to the proliferation of hate speech and misinformation. These two issues have been plaguing Facebook for a couple of years and the CEO doesn’t want them to influence people’s decisions when buying cryptocurrencies.

Facebook’s VP Joins Coinbase Inc

Mark Zuckerberg is not the only Facebook high executive that is interested in the cryptocurrency market. David Marcus who is Facebook’s Vice President recently joined the official board of Coinbase Inc which is the biggest crypto exchange platform in the world.

“I’ve been involved with, and fascinated by cryptocurrencies since 2012, and I’ve witnessed how Coinbase has started democratizing access to this new asset class” said Facebook’s Vice President when asked about his interest in the cryptocurrency market.