The Facebook cryptocurrency coin Libra is now the talk in the cryptocurrency market, people says it will take over bitcoin soon.
But to me is that going to be possible, I took bitcoin years to reach were it is now and as the best coin in market and the first cryptocurrency its not that possible.
Lots of coin wit great ambitions have come knocking to take over from bitcoin but non could.
Will Libra be able to do so?
Nope, libra is a type of stable asset, and this will not be a rival of bitcoin, as we already knew that all stable assets does not appreciate its value and they have already their fixed value, it could not be affected with the price movements as we compared to the other ALTS out there. Now talking about about facebook coin stable asset, who else here believes that soonest they could be a rival to bitcoin? i dont think so, this is just my personal opinion regarding this matter.