Cryptocurreny is also dominated by Bitcoin. How bitcoin domination will fall. I think if Facebook enters this market, it may change. Bitcoin is gaining value against the dollar and gold for now. But what if he continues to gain value against the Libra?
Facebook might enter and it will not even be a competition. Libra is something that is backed up by the fiat. If we will be talking about crypto currencies, bitcoin and altcoin will still be the thing. In terms of usage, obviously fiats will be the winner since cryptos still has a little place in this world right now.