RATE Group | Bitcoin Is Totally Different Than Libra: Calibra Head David Marcus
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Bitcoin Is Totally Different Than Libra: Calibra Head David Marcus

16 Oct Bitcoin Is Totally Different Than Libra: Calibra Head David Marcus

Posted at 23:52h in Bitcoin News by

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⁠David Marcus, the head of Facebook’s forthcoming cryptocurrency wallet Calibra, said that he is a fan of Bitcoin (BTC), but it is totally different than the proposed Libra stablecoin.

Bitcoin is digital gold, Marcus Says

In a Squawk Box interview on Oct. 16, Marcus stated that he has been looking at Bitcoin since 2012 and considers it to be akin to digital gold.

When asked by Squawk Box co-host Joe Kernen if he owns any Bitcoin or other cryptocurrencies, Marcus did not answer directly but noted that he was an early fan of the major cryptocurrency. He said, “I’m a big fan of Bitcoin what I see as digital gold and totally different Libra.”

Bitcoin v.s. non-volatile and scalable cryptocurrency

While treating Bitcoin as digital gold, Marcus stressed that the Libra project is seeking to create a non-volatile and scalable cryptocurrency rather than provide services for a high-volatile asset such as Bitcoin. He explained:

“If there was a stable, low-volatility, scalable version of…

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