I've been reading some comments or posts recently in various forums and some people claim that the current increase in price is due to the release of Libra's WP etc. They even say that it legitimizes cryptocurrency.
I personally doubt all that. With or without Libra, the price of Bitcoin is meant to rise. It's been on an upward trend even before this facebook coin.
What is your take on this?
This opinion, of course, is not true. Firstly, Libra, even with the new name Diem, still cannot be released due to various organizational and technical difficulties. And what does not exist cannot affect the cryptocurrency.
Secondly, even if Libra / Diem was issued, now it will be a stablecoin, backed only by the dollar, and there are many such coins now. Stable coins do not have any major impact on cryptocurrency, much less bitcoin. They only contribute to the convenience of working with cryptocurrency.