IF as you state above "people start holding funds in Libra/Calibra instead of bank accounts". As you quote above, this would be IMHO very, very bad for Bitcoin as a 'store of value'
Why so? Most people already use bank accounts. Why does it matter if some of those people take some of that value and hold Libra instead of dollars or euros?
If LIbra has the option to gain interest as a bank and be its 'own store of value". I am somewhat unclear on this, however. With all the online banking in the world, I find it hard to
believe that if Libra is sanctioned by the gov't and powers that be, it could not be allowed to also act as a bank and pay interest and do loans like any other web-based bank
out in the world. Thus, if this came to pass, could not Bitcoin and other open source coins be 'pushed out' and Libra replace Bitcoin?
Libra users will have a centralized currency backed by quickly devaluing fiat currencies. Why would that replace Bitcoin?