BTC and influence of Libra.

[Prime]

It has been a year ago and Libra is likely dead. This project started its great hype that makes the crypto world had uptrend so greatly. However, after their big investors left it, there are many controversial issues about this. many said that Libra will end soon and this project will ever contune. And but now, we can wait for the true codnition

[Gear+]

Facebook’s fiat and government bond backed cryptocurrency Libra is widely considered a net positive for bitcoin.Still do you think that,Bitcoin has come under pressure ahead of the U.S. governmental hearings on Facebook’s Libra cryptocurrency?

I think Libra cannot influence bitcoin, It is so far, bitcoin is high demand and biggest communities.

[EthereumDev_]

libra will never be as good as other platforms because bitcoin doesn't provide any support for the libra project, so you have to be careful with the libra project.

[Fenix]

Facebook’s fiat and government bond backed cryptocurrency Libra is widely considered a net positive for bitcoin.Still do you think that,Bitcoin has come under pressure ahead of the U.S. governmental hearings on Facebook’s Libra cryptocurrency?

I think Libra cannot influence bitcoin, It is so far, bitcoin is high demand and biggest communities.

Under the influence of regulators, the Libra under the new name Diem was planned to be issued in January in Switzerland, backed only by the US dollar. However, it turned out that there has been a company in England for some time that uses a token with the same name Diem. This circumstance appears to have slowed down the release of this stablecoin again.

[DAMKAR]

Facebook’s fiat and government bond backed cryptocurrency Libra is widely considered a net positive for bitcoin.Still do you think that,Bitcoin has come under pressure ahead of the U.S. governmental hearings on Facebook’s Libra cryptocurrency?

No, I don't think Bitcoin has come under pressure ahead of the U.S. governmental hearings on Facebook’s Libra cryptocurrency. Bitcoin is still the King of crypto currency, no coin can influence bitcoin and beat bitcoin.

[Arendra]

As for the pressure I think it will still be there, it is actually good to really test whether this Bitcoin is worthy of opening or not. And I think the US government still has a lot of contra with Bitcoin.

[0t3p0t]

Facebook’s fiat and government bond backed cryptocurrency Libra is widely considered a net positive for bitcoin.Still do you think that,Bitcoin has come under pressure ahead of the U.S. governmental hearings on Facebook’s Libra cryptocurrency?

Bitcoin has no threat or pressure to this issue because it has been there and embraced by the US government. I am not that sure if what really is the future events of the regulations but Bitcoin has not been touched and some other influencial people in the US even invest in Bitcoin.

[bayiajaib]

Facebook’s fiat and government bond backed cryptocurrency Libra is widely considered a net positive for bitcoin.Still do you think that,Bitcoin has come under pressure ahead of the U.S. governmental hearings on Facebook’s Libra cryptocurrency?

Bitcoin has no threat or pressure to this issue because it has been there and embraced by the US government. I am not that sure if what really is the future events of the regulations but Bitcoin has not been touched and some other influencial people in the US even invest in Bitcoin.

I think bitcoin has not been threated and pressured  of US Government. I don't read the issue about that.  I also don't believe bitcoin will be influenced by Libra. Bitcoin is more popular and really be the King of crypto currency

[Sentinel]

The good things that spread about Bitcoin will indeed greatly affect its price. And indeed I think the news about Bitcoin with Libra will also greatly affect the price.

[Senin]

Well, i think the news about libra launch is one of those positive news that drives or enhances the price of bitcoin, but these two projects are different and have nothing in common. Bitcoin price has been known to moving must times on certain news positive or negative news, and in some cases, strong speculation from Social media platforms.

Why should the launch of another stablecoin have an impact on bitcoin and its price? Even if it was intended to be a special stablecoin associated with Facebook and its large audience, Bitcoin should not be significantly affected.
In addition, the expected stablecoin Libra, as it was expected with its backing by a basket of currencies, will no longer exist. Even if the Diem stablecoin, backed only by the dollar, appears instead, it will already be one of many regular stablecoins.

[mlawson71]

Will Libra even launch for that matter? I have not heard any news about it recently.