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Comparing Bitcoin and Libra is becoming almost in style. One say, Libra will have full control of the market, others oppose that Bitcoin will have its time to shine. So what is the truth?

We do know now, that yes, Bitcoin will have people’s growing interest. What we do not know – how much that interest will really grow and in what time frames.

People Will Choose

After Libra is going to be launched, people will probably get engaged immediately. First of all, because it is Facebook, worldwide known and used platform. Second of all, because it is going to be easy to use.

For average human being, who still does not know anything (or not enough) about Bitcoin, Libra will look as much more comfortable and safer choice. In order to start working with Bitcoin, people would need to understand a lot more above Libra’s functions. And that is because unlike Libra’s so promoted stable coin, Bitcoin is truly and severely unstable, so most of the people probably would not choose it over something way more stable.

Only small part of humanity will be brave and enlighted enough to try. Although that will be enough for the first profit wave in Bitcoin.

Quite a few of large internet companies had chosen to partner with Facebook because in the payment space they are unwilling to accept something like Bitcoin, where you do not know what the value of it could be a month from now. It can be up 10% and it can be down 10%.

Facebook is addressing that and really setting themselves up to have this more mainstream adoption.

Conclusion

For those, who will discover Bitcoin and its pros (aside from risk) after Libra’s launch, it will be like a new box of treasures. Of course, it might be that the growth of Bitcoin users will be still quite slow. But slow does not mean it cannot take over, even if that is after relevant amount of time.