Contract killer in Bitcoin paid via Coinbase

Mark Zuckerberg calls his goat Bitcoin. A bullish sign – as long as you ignore the fact that the man is slaughtering goats.

Unlike Tesla, Twitter and Square, Facebook has not yet announced a bitcoin reserve. The social media giant’s crypto engagement has so far been limited to the development of its own stablecoin: Diem. But apparently Facebook CEO Mark Zuckerberg also has a certain affection for the number 1 crypto currency. At least that’s what a post that Zuckerberg posted on his home platform suggests today. Accordingly, the social media mogul christened one of his goats with the name Bitcoin.

Source: facebook.com/zuck (screenshot)

Zuckerberg’s Bitcoin goat: compliment or challenge?

At the end of April, rumors were still circulating that Facebook would reveal a Bitcoin reserve when it presented its quarterly figures. The speculations have been proven wrong. Of course, Zuckerberg’s goat mail does not prevent crypto-Twitter from speculating again about Facebook or at least Zuckerberg’s entry into Bitcoin. Some users see the action as a commitment to Bitcoin maximalism. On the one hand, because the other goat is called “Max”. On the other hand, because the English “Goat” is also often used as an acronym for “Greatest of all time”.

Meanwhile, there are also less bullish interpretations of Zuckerberg’s Bitcoin goat. Because Zuckerberg also raises goats for consumption. So Zuckerberg has the Twitter boss and self-confessed Bitcoin supporter Jack Dorsey according to one CNBC-Report of a goat that was slaughtered by hand served. Against this background, Zuckerberg’s goat may not be as bullish as large parts of the community interpret it. The notion that Zuckerberg wants to scaffold Bitcoin isn’t too far-fetched given the ambitions Facebook is pursuing with Diem.

One thing is certain: Zuckerberg’s goat baptism did not help the Bitcoin course, on the contrary. At the time of going to press, the No. 1 cryptocurrency is trading just below the USD 55,000 mark, which is 5 percent below the previous day’s level.