[Analysis] What Facebook's cryptocurrency means: 6 predictions - Caitlin Long

Wyoming Blockchain Task Force member and Wall Street Veteran Caitlin Long believes Facebook's Libra cryptocurrency will have six direct effects on the current financial system:

1. Libra will be used as a store of value, particularly in underdeveloped countries with notoriously bad central banks.
2. Facebook will issue interest on holders of the crypto which will also add pressure to current agreements between central banks, banks, and corporations.
3. The foundation appointed by Facebook will yield real power internationally, becoming a key player in global capital markets.
4. The regulatory hurdles Facebook is about to set out on will shed light on the current state of defunct and troublesome models used today.
5. The number of actual Facebook users will be called into question as Libra users are forced to go through KYC practices.
6. Libra is a Trojan Horse for Bitcoin ($BTC), the only ledger with real scarcity.