After 1 year of rumours around Facebook getting involved in the cryptocurrency space, they have finally unveiled the Libra Cryptocurrency. What is it? Can it replace Bitcoin? What does Facebook Libra coin mean for the crypto market in 2020?
Libra crypto was announced in June 2019 by a Facebook post by Mark Zuckerberg on the Facebook platform itself. This has caused a media backlash among US congress, lawmakers and the general cryptocurrency traders and investors.
Libra vs Bitcoin, are they even similar? Will it lead to mass crypto adoption.
Lots of questions that require answering, and based on my 2+ years of following the crypto market I'll give some thoughts on this project and it's potential. This is by far the biggest news to hit the space in the past year and it is likely to have some long lasting "ripple" effects!
In this video I also give my thoughts on which altcoins are in danger with the Facebook libra project release and overall market effect for crypto in 2019 – 2020.
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