David Marcus praises Bitcoin
2 min read
In a tweet a few hours ago, David Marcus, co-founder of Diem (formerly Libra), has praised Bitcoin.
CNBC is now talking about #Bitcoin more than any other asset out there. 2020 is really the year BTC crossed the chasm to become a legitimate asset for many who previously wouldn’t touch it or even bashed it. One of the big highlights of the year.
— David Marcus (@davidmarcus) December 17, 2020
Marcus was one of the faces behind major social and payment projects such as Facebook, PayPal and even Coinbase, and was selected by the Facebook team to lead the digital asset Libra, which will now be called Diem.
Marcus’ thoughts on crypto and blockchain have always been positive, and as early as last year he had a clear vision of the usefulness of blockchain in a traditional and costly system, allowing not only for faster transactions but also for lower costs for financial institutions and consequently for users.
The aim of the Diem project is to create a payment system within the Facebook ecosystem so that everyone has a payment account associated with their social profile, along with a sort of stablecoin that they can spend.
David Marcus: Bitcoin in the spotlight
But today, as Marcus himself pointed out, it is not Diem/Libra that we are talking about in the newspapers, but Bitcoin, an asset that is now in the spotlight as a result of its new all-time high in recent days.
Let’s not forget, in fact, that the mainstream media usually talk about this asset, either when there is an obvious collapse of the cryptocurrency, as happened during the crypto crash in March, or during hype periods, such as the record high that occurred just a few days ago.
Surely it is undeniable that 2020 was not only the year of decentralized finance (DeFi), but also and especially of Bitcoin, not only because of the events mentioned above, but also because of the new halving this spring that de facto cut in half the miners’ rewards, and for which it was expected that the price of the asset would rise.
And so it has, and the rise has been gradual but steady, eventually breaking through several thresholds to reach the current record high.
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