Although Libra and bitcoin are both under the cryptocurrency umbrella, they serve different purposes on a wider market. Facebook plans to develop Libra into a global coin, classifying it into well-known currencies such as the US dollar and the British pound in an effort to prevent very volatile prices in conventional cryptocurrency such as bitcoin and Ethereum.
ccording to observers, the presence of Libra launched by Facebook can shift the position of Bitcoin, mainly based on the assumption that the 2 billion Facebook member bought a Libra coin. Of course everything is still an assumption because the proof is certainly still long.
Indeed, the Libra coin can logically sell directly with a fantastic number of buyers, and this has the potential to boost Libra coin prices to a high level. But is there a guarantee that the prediction is proven, then the time will answer.