If you are a crypto enthusiast - you will be just as interested in this topic as I am. I would like to learn your opinion on what threats does Libra pose on Bitcoin? I believe that this is a hot topic worth considering.
Absolutely nothing, no threat or whatsoever will Facebook Libra coin pose to Bitcoin, first, Libra is not a decentralized coin, bitcoin is, Libra is not an anonymous coin, bitcoin is, so tell me which coin do you think will continue to gain the attraction of people the more? Bitcoin will always gain the attraction of people because of its numerous benefits for even using it.
Facebook is just a stable coin and people will only use it for any project that is link to them but they will never hold their money in their market because it will add no value to it, secondly Facebook will always meet a stiff opposition because of its activities that will, strongly clash with that of government’s own. So I think there are more things that Facebook is of threat to the bitcoin, it can never have any negative effect on bitcoin.