RBC Capital Markets believes that Facebook has a 'crypto opportunity,' explaining in a note to investors the firm's high expectation.
RBC expects Facebook will release a "white paper" on June 18 to explain the company's long-term strategy for the cryptocurrency, or "token."
"We believe this may prove to be one of the most important initiatives in the history of the company to unlock new engagement and revenue streams," RBC analyst Mark Mahaney said in a note on Thursday evening.
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