MicroStrategy Posts Q1 Profit, Reaffirms Commitment to Bitcoin Investment Strategy
MicroStrategy, a business intelligence platform, has reported a profit of $94 million in the first quarter of 2023, marking its first quarterly...
People in the crypto industry have been doubtful of Facebook's cryptocurrency libra. But if we're to believe Ryan Waldoch and Arthur Hayes – it will be revolutionary.
A couple of weeks ago, Facebook revealed that they will release their own cryptocurrency, libra.
Since then, it has gotten both negative comments and praise from the crypto world. Even Facebook’s own partners have stated that they doubt the project. In addition, much has been speculated about whether the project is good for bitcoin.
Now, more opinions from the crypto industry emerge about Libra’s future and its relation to bitcoin.
“I believe that Libra will allow users to be more inclined to use bitcoin as a peer-to-peer payment system”, crypto analyst and blogger Ryan Waldoch writes in a report for research firm Seeking Alpha, Cointelegraph reports.
One who believes that libra will be a success is Arthur Hayes, CEO of the big crypto exchange Bitmex.
“I think it will destroy commercial and central banks”, he says in an interview with Bloomberg.
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