Shortly after Meta, previously Fb, formally gave up on its stablecoin Diem, a number of the key folks within the challenge have develop into more and more vocal in regards to the uncensorable nature of Bitcoin (BTC).
David Marcus, a co-founder of Diem, initially often called Libra, took to Twitter on Tuesday to foretell that Bitcoin would be the primary asset within the subsequent twenty years.
It’s develop into clear to me that #Bitcoin would be the one asset and L1 nonetheless round in 20+ years with elevated compounding relevance over time. The #2 slot (for a distinct use case) remains to be tbd. #Ethereum is within the lead for now, however #Solana and others nipping at their heels. 1/2
— David Marcus – dmarcus.eth (@davidmarcus) February 1, 2022
“It’s develop into clear to me that Bitcoin would be the one asset and L1 nonetheless round in 20+ years with elevated compounding relevance over time,” Marcus wrote, including that BTC is “really leaderless” and “censorship resistant.”
“In essence, it’s distinctive and can’t ever be replicated,” he added.
Marcus additionally went on to say that the second-biggest cryptocurrency is but “to be decided” and will likely be associated to a distinct use case. He urged that Ether (ETH) is “within the lead for now,” however different cryptocurrencies like Solana (SOL) are “nipping at their heels.”
Marcus is former head of Meta’s cryptocurrency and fintech unit Novi, stepping down from his place in late 2021. He co-founded the Diem stablecoin with Morgan Beller and Kevin Weil.
Regardless of his arduous work on Meta’s stablecoin, Marcus has been a recognized fan of Bitcoin. In line with some trade observers, Marcus is taken into account“one of many first prime Silicon Valley executives to undertake and help Bitcoin.” In 2019, Marcus mentioned that he was a “large fan of Bitcoin,” calling it “digital gold.”
Does the creator of Libra personal Bitcoin? “I am a giant fan of bitcoin and what I see as digital gold,” says @DavidMarcus on #btc pic.twitter.com/Zbkfw1elHy
— Squawk Field (@SquawkCNBC) October 16, 2019
Marcus just isn’t the one Fb exec who’s a fan of Bitcoin. Fb co-founder and CEO Mark Zuckerberg hinted at being a Bitcoin bull in Might 2021 by calling his pet goats Max and Bitcoin.
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Marcus’ newest remarks got here shortly after Meta introduced the closure of its digital foreign money challenge Diem after initiating the stablecoin challenge in 2019.
Some outstanding Bitcoin bulls like Twitter founder Jack Dorsey subsequently argued that Diem was a waste of effort and time, stressing that the tech large ought to have targeted on Bitcoin as a substitute.
