Hello, I was wondering if investing in facebook libra when it comes out would not be a great idea for a quick profit. What do you think ?
I don't think so
Im willing to give you a small explanation about that and there are some points that you must know about libra
1. Libra is not an investment purpose and it's just another stable coin that is the same as USDT, USDC and other stable coins which pegged to the fiat money as a commodity that brings it the stable value and removes the volatility
2. It will be used as a daily payment system. In my opinion, if this will be used in your daily life such as pay your bill, food, shopping, etc (when you are wanna using the service in the facebook platform and it may become the main payment method)
3. Libra is not a cryptocurrency and it's much more as a digital currency just like fiat digital currency that will be issued by the government in the future.