Investors, crypto enthusiasts and regulators themselves say Libra has raised the stakes for financial authorities, forcing them to take a more serious look at digital currencies.
, which are part of the Libra Association, also a tremendous presence in e-commerce and digital payments, Kapron said.
Unlike bitcoin and other cryptocurrencies, whose appeal is limited to a subset of people, Libra has the potential to reach billions of users in a relatively short period of time. "I think that's really what's gotten the regulators quite in a furor about what's happening around Libra, as opposed to bitcoin," he said.Governments could potentially lose "the ability to control monetary policy," Kapron said. "Right now, the U.S.
"We find this dynamic interesting and believe internet investors should continue to monitor the shift of developer talent and VC money into the Crypto community, as well as new projects coming through the pipeline," RBC analysts said in a note Thursday.
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