Facebook coin Libra good omen for crypto, experts

Crypto space top notch are claiming that Facebook Libra coin is not threat to cryptocurrency. Facebook is going to launch a blockchain coin under the umberella of Libra Association. 

Tron fame Justin Sun recently tweeted saying that facebook coin create FOMO.


"Facebook and #LIBRA. I feel a huge #FOMO and bull run for crypto is on its way," Justin Sun tweeted.


Another Blockchain entrepreneur Andreas M. Antonopoulos says that Facebook coin is not a true blockchain coin.

"While Facebook's Libra doesn't compete against any open, public, permissionless, borderless, neutral, censorship-resistant blockchains, it *will* compete against both retail banks and central banks. This is going to be fun to watch."


Infact bitcoin and other crypto means privacy and decetralization while FB coin is governed by a group of companies.


One thing is very clear that message of Satoshi Nakamoto will reached billions of people through FB coin and its seems that it will benefit mostly Bitcoin.


Whats your opionon please comment.


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