In this article, I'll explore how the future launch of Libra may have a positive impact on bitcoin demand. Most current stable coins are pegged to a single fiat asset, such as USD. Since it is designed to be stable, it is assumed to not appreciate in value like bitcoin or other speculative cryptocurrencies. Implications For BitcoinInitially, Libra is acquired by end users by exchanging their local fiat for Libra. Even if just a fraction of Libra holders exchange it for bitcoin or other cryptocurrencies, there is significant potential for new demand, as Libra is expected to gain adoption from an entirely new base of users.

Source: Forbes July 17, 2019 12:00 UTC