Bitcoin Not a Currency According to Facebook’s Libra Lead

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David Marcus, head of Facebook’s Libra project, doesn’t see Bitcoin as a form of currency, stating that it’s digital gold. Bitcoin Not a Medium of Exchange Marcus was speaking at the New York Times Deal Book Conference in the Big Apple yesterday when he made his remarks. In his own words, “It’s actually not a great medium of exchange because of its volatility,” reports CNBC. Going further, the face of the Calibra digital wallet, a Facebook subsidiary that will provide a digital wallet for Libra, noted that he sees Bitcoin as digital gold because you can hold on to it as an investment, but its volatility means that it’s not the best choice for people who need to send remittances across borders. Libra, on the other hand, will be tied to fiat currencies such as the euro and the U.S. dollar, enabling it to remain stable. The Push Back That,…

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