Everbright Securities Peng Wensheng: The key to Libra's development depends on how the regulators support the balance between innovation and regulation.

According to WeChat public number@China foreign exchange news, recently, Peng Wensheng, deputy dean of Everbright Group Research Institute and global chief economist of Everbright Securities, said that compared with tokens such as Bitcoin, Libra has not yet attracted such high attention. First, the digital scale advantage of the technology giant platform companies and currencies in the digital economy has synergistic effects; the second is Libra as a derivative of a basket of currencies, which is a stable currency in the digital currency. Bitcoin and other tokens are only digital assets, and their future value depends on the user's "belief", so their price fluctuations will be relatively large. He also pointed out that in the future Libra will become a currency. In the initial stage, the means of payment may be a breakthrough; but after a certain scale, the role of the stored value tool is more important, and it is the main force driving Libra to become a real currency. Libra is now 0, starting at a slower pace, but can't underestimate the scale effect of its community network. But the key to Libra's development depends on how regulators support the balance between innovation and regulation.