Barclays believes that Facebook’s cryptocurrency coin could make around $19 billion income by 2021. The cryptocurrency coin of Facebook could be the use of transactions on Whatsapp, it is in progress of completion and estimated to be released this year. Ross Sandler internet analyst of Barclays predicted that the coins could make an extra income of around $3 billion to $19 billion for Facebook if everything goes as per plan. He predicts this on the basis of analysis of the Google Play Store’s income per user figure, which is about $6.
Sandler further described the effect this benefaction could have on public shares of Facebook: “Merely establishing this revenue stream starts to change the story for Facebook shares in our view… Any attempt to build out revenue streams outside of advertising, especially those that don’t abuse user privacy are likely to be well-received by Facebook’s shareholders.”
He believes that FBCoin will be the most important factor for Facebook to expand its sources of income. Sandler added, “Any attempt to build out revenue streams outside of advertising, especially those that don’t abuse user privacy are likely to be well-received by Facebook’s shareholders.”
Facebook’s digital asset would provide for more premium content to come back to Facebook in Sandler’s opinion, as the social media giant reinstate themselves on the social media network as a strategic partner.
If the Sandler’s analysis will become true and the FBCoin become fruitful for Facebook, the social media giant may tempt to explore deeper into this space or this field and take the implication of its cryptocurrency coin even further for its investors and users. But, the FBCoin is yet to be released and it might be rather disappointing. As per the experts, they are predicting it to be a success in the market of cryptocurrency.