RATE Group | Facebook crypto chief: ‘Bitcoin isn’t a currency’ – Bitcoin USD (Cryptocurrency:BTC-USD)
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Facebook crypto chief: ‘Bitcoin isn’t a currency’ – Bitcoin USD (Cryptocurrency:BTC-USD)

07 Nov Facebook crypto chief: ‘Bitcoin isn’t a currency’ – Bitcoin USD (Cryptocurrency:BTC-USD)

Posted at 11:51h in Cryptocurrency News by

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“I don’t think of Bitcoin (BTC-USD) as a currency. It’s actually not a great medium of exchange because of it’s volatility, David Marcus, the head of Facebook’s cryptocurrency projects, told the NYT DealBook Conference in New York.”I see it as digital gold.”

Facebook is already targeting the market with its Libra cryptocurrency and Calibra digital wallet. Unlike Bitcoin, Libra’s value will be tied to currencies like the U.S. dollar and the euro, which will help it remain stable.

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