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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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After Google, Facebook and Instagram Can Also Allow Bitcoin! - Coin Newsletter
Following Google, Meta and Instagram are preparing to allow Bitcoin (BTC) ads.
Following the approval of spot Bitcoin ETF applications by the US Securities and Exchange Commission (SEC), giant companies also took action. Recently, Google updated its policies and stated a spot Bitcoin ETF, while it was suggested that Meta (formerly Facebook) and Instagram could be next.
In a Feb. 3 social media post, veteran ETF analyst Nate Geraci noted that Facebook and Instagram may soon allow spot Bitcoin ETF ads, noting that Facebook is a "honeypot**" when it comes to providing access to users.
The fact that such large companies will offer spot Bitcoin ETFs to billions of users may increase the awareness and global adoption of cryptocurrencies, especially Bitcoin**.
Although there has not yet been an official statement from Meta on this issue, it is thought that the company will not want to lag behind an important competitor such as Google.