The head of Libra cryptocurrency wallet Calibra says Bitcoin is more of an asset, like gold, than a true currency. David Marcus, speaking at the New York Times DealBook Conference in New York, was asked about his opinion on the most well-known crypto. Libra is a blockchain-based digital currency planned to be launched in 2020. Facebook aims to let its nearly two billion users pay and send digital cash using Libra via the Calibra digital wallet. Marcus said: “I don’t think of Bitcoin as a currency. It is actually not a great medium of exchange because of its volatility. I see it as digital gold.” He added that Bitcoin’s volatility is why consumers do not use it to make purchases.The post Calibra chief: Bitcoin is gold, not cash appeared first on Coin Rivet.
