Jim Cramer: Why Facebook's Libra Cryptocurrency Is "Anti-Facebook"

Credit: The Street
Published on June 18, 2019 - Duration: 02:12s

Jim Cramer: Why Facebook's Libra Cryptocurrency Is "Anti-Facebook"

Real Money Stock of the Day Facebook released the white paper for its Libra cryptocurrency.

Although, Jim Cramer has some beef with using the term "cryptocurrency" to describe Libra.

But anyway... During Cramer's exclusive members-only Action Alerts PLUS Daily Rundown show on Monday, Cramer broke down his thoughts ahead of the white paper, calling Libra the "anti-Facebook." "It's private.

You can't crack it.

The transactions will be private and that is anti-Facebook," Cramer explained.

The social media giant has also been under a lot of pressure from government regulators due to various privacy issues, and most analysts think Facebook's new crypto may give the company a big lift in more ways than one.

Cramer broke down some more of his thoughts on Libra in his morning column over on Real Money.

Related.

Libra: What You Need to Know About Facebook's New Cryptocurrency Ask Cramer: 3 Signs a Market Has Gotten Frothy

Advertisement

You are here

Recent related videos from verified sources

Who Will Regulate Facebook Crypto Currency? 00:33
Credit: Wochit - Published 4 hours ago 

Facebook Is Missing the One Thing Its Libra Crypto Plan Needs 05:04
Credit: Cheddar Inc. - Published 16 hours ago 

Why Can Stocks Fall When They Beat Earnings Expectations? 01:11
Credit: The Street - Published 22 hours ago 

What Jim Cramer's Watching Closely in the Markets 01:09
Credit: The Street - Published 23 hours ago 

You might like