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Why Bitcoin believers should support Libra
Summary: Why Bitcoin believers should support Libra? 1, We all believe that digitization of currency and assets is an inevitable process. But this process is going to take a long time. Libra has greatly speed up this process. 2, In this process, Bitcoin market share will go down, but its unit prices will go up. The ...
Why Bitcoin believers should support Libra?
1, We all believe that digitization of currency and assets is an inevitable process. But this process is going to take a long time. Libra has greatly speed up this process.
2, In this process, Bitcoin market share will go down, but its unit prices will go up. The faseter Libra develops, the earlier the above scenario will happen.
3, Prior to Libra news announcement on June 18th, there had been a steady Bitcoin price increase. I don't think these two events are uncorrelated.
4, Bitcoin price cannot go to the moon without more capital pouring into the crypto assets
5, Fiat-to-crypto on ramp decides the volume of capital into crypto assets. Libra can provide a solid ramp.
6, In comparison with other stablecoins in the market, Libra stablecoin is more acceptable around the world.
7, Influence the development of Libra
8, The custody of cryptoasset will be unlikely to appear in existing custodian institutions. Dedicated cryptoasset custodian institutions like Bakkt will appear.
By Benjamin Gu
Tags: Bakkt,Bitcoin,Cryptocurrency,facts
Link: Why Bitcoin believers should support Libra [Copy]
