Now, considering all of these things and the very big potential of this Facebook project called as GlobalCoin, do you think that soon we can see Mark Zuckerberg not just the emperor of the social media but also the king of cryptocurrency? Or you think that this should be treated just like a normal (though it is very big) project which might also go wrong if the market will not be responding positively? What is your opinion with the foray of Mark into cryptocurrency and will Globalcoin one day be a rival to that of Bitcoin?
The fact is that people are always
excited when it comes to potential profit, and this case is no exception. Facebook like man others sees an opportunity to make more money, and cryptocurrency is a easy way these days to get your own coin. At this point it's hard to say how will the users (FB) react on this coin, but the fact is that FB is have almost 2.4 billion users (data from 2019) and that the number of users is growing steadily. There is no doubt that this is an impressive database of potential users, and that FB will use them to succeed with this project.
I agree with most of points talkbitcoin is wrote, any centralized crypto coin can not be rival to bitcoin. But fact is that Zuckerberg is fairly strong global player, and that in his plans he is knocking on lot of doors including governor of Bank of England, US Treasury and Western Union. They are all interested in this new coin, rather than for bitcoin.