BitMEX CEO: Facebook's Libra will expose central banks and commercial banks to major turmoil

On July 10th, BitMEX CEO Arthur Hayes said that Facebook's Libra will expose central banks and commercial banks to major turmoil and make PayPal have no future. After the launch of Libra, all banks will be downgraded to a stupid node that holds legal tender in electronic form. Libra may also completely destroy commercial banks and undermine their income-generating opportunities.