It looks like a return to the big bubble, which exploded in December 2017.

The Bitcoin remains firmly above the 10 thousand dollar quota, with a price currently attested at 10,894. Difficult not to notice how the capitalization of the cryptocurrency, which in just two days added 30 billion dollars, exploded behind the official announcement of Libra, the Facebook globalcoin.

The enthusiasm around the social network project and its many partners, however, would have very strong implications especially in India; where an attempt is being made for a complete ban on cryptocurrencies. Libra's statement, in fact, would make the ban to Bitcoin and the like more difficult in the great country, which had repeatedly defined the cryptocurrencies of the large Ponzi schemes - of scams. Just in June a panel of experts appointed by the Indian government had recommended the banning of Bitcoin.

"The panel report came out before Facebook announced its plans for Libra. A technology giant that launches such a currency provides a certain sense of legitimacy, "Nischal Shetty, chief executive of the Indian cryptocurrency exchange WaxirX, told Quartz," if Facebook intends to take this path, then other technology companies could following their example, it is difficult to believe that the government will say that these large companies are also involved in a Ponzi scheme ".

It is no coincidence therefore that in surviving Indian exchanges the Bitcoin is traded for a substantial premium. "Bullish investors believe that, in the case of Facebook's Libra becoming a reliable payment mechanism, people will also be more likely to trust Bitcoin as a reliable long-term value reserve, a digital gold," said Glen Goodman, author of "II Crypto trader".