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?
I think they won't do it. Because it is a stablecoin and its value absolutely does not increase and decrease over time. it is only stable to some extent and its strategy is to support development and payment services in potential businesses.
They are a huge development center in the future and they will use the profit to send to shareholders and buy many BTC to hold.
therefore, it still cannot compete with BTC.