David Marcus, the head of Facebook's cryptocurrency Libra twitted,
Many want to pit Libra vs. Bitcoin. In my mind these two are not in the same category. BTC is a decorrelated (investment) asset. Libra is designed to be a stable medium-of-exchange. I have been, and remain a fan of BTC, but for very different purposes.
The former president of Paypal stressed that Libra is a better digital cash and payment system, while bitcoin is a long-term investment vehicle.
https://www.ccn.com/crypto/facebook-cryptocurrency-chief-libra-no-threat-to-bitcoin/2019/06/20/I have seen some people opposing Libra coin thinking that is a big threat to Bitcoin's progress, but they have clarified this already, Lobra coin should proceed it will be good for the community, and besides its great news that the huge company on the internet is now part of the industry, experts have anticipated this in the past and now it's happening.