what do you think about the Facebooks Libra, could it be the future of altcoin? one thing always amuse me about Facebook's coin till today, there was a time Mark never supported Crypto and now Lauching coin
It is not only Mark Zuckerberg who flip-flops regarding his stand on cryptocurrency. Jamie Dimon has made it earlier in the grandest of ways.
Regarding Libra, it is wrong to just treat it as a mere altcoin along with the rest. It would be more apt to classify it together with USDT and other stablecoins. It is not like many of the altcoins in that its value will not be rising and falling all the time. Libra is going to be as stable as the USD.
The support surrounding Libra is enormous so somehow we can say that this could be the future of the stablecoins. I am not talking about the support coming from the regulators of course. They are the hindrance on the contrary. I am talking about the most popular companies we have in the world right now. Facebook has uber, Visa, Spotify, eBay, and many more behind its back.