When i heard about the Libra Coin the #Facebook Consortium and others want to invent in the Crypto market in the next years i definitely thought of a quot from the Film "Fight Club".
When deep space exploration ramps up, it'll be the corporations that name everything, the IBM Stellar Sphere, the Microsoft Galaxy, Planet Starbucks. -- Quote of "Fight Club" from 1999.
So this time it is not about the planets, but about the money. Creating Money was left to the states and only they where able to print it untill #cryptocurrencies where born. From this time on a special algorithm is printing "Money" from day to day and as you can see #Bitcoin and other cryptocurrencies stashed up a value of more than 300 Billion US-Dollar. And i am sure we are just at the bottom line at the moment. When #Libra Coin gets spread out to the world i am pretty sure that also institutional investors find out about cryptocurrencies and the market will grow like topsy.
Source: Libra.org
Of course Libra Coin is just a stable coin and will not change in value, just like for example Tether, but i am pretty sure it will bring a lot of volume to the cryptocurrency market and i am already awaiting this point. Bitcoin will rise just because people are becoming curious about other cryptocurrencies. Facebooks Libra Coin will be an easy entry Point for a lot of people who wheren't able to buy crypto till now. And i am pretty sure Libra will not be the only corporate Coin that will appear in the next year.
Other big Players like #Google, #Amazon, #eBay, #Apple or #Microsoft may consider creating their own Coin for payments in their shops. If they invent stable coins or not, a lot of liquidity will come to the market and i am sure other coins like Bitcoin and some good altcoins may profit from this?
What do you think about Steem? Will Steem profit from this? Will people find out that there are lot of other interesting cryptos worth a look? I in my opinion, i am positiv that when people learn more about crypto, Bitcoin and Steem will profit in the end. Tell me your thoughts on this!