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If Facebook can be worth billions, why can’t cryptocurrencies?

If Facebook can be worth billions, why can’t cryptocurrencies?
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Facebook and its founder have faced an outcry of criticism over the company’s role as leader-supreme data custodian for the developed world.But for the crypto community, the resulting plunge in Facebook’s stock price offers an instructive example for a fundamental argument: whether the current cryptocurrency market, in which more than 20 blockchain networks are “valued” in excess of $1 billion, is overheated or in a “bubble.”

Read the full story at https://www.coindesk.com/facebook-can-worth-billions-cant-cryptocurrencies/

SOURCE: CoinDesk

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