It depends on the perspective from which things are being viewed. Some believe that the introduction of Libra would certainly be one that boosts the value of other cryptocurrencies.
Bitcoin has suffered a significant setback after plunging in value by thousands of dollars to take the cryptocurrency’s price to below $10,000. The losses mean bitcoin has shed more than a quarter of its value over the last seven days. Dr Iwa Salami from The University of East London commented on the issue.