Cai Weide: Bitcoin is not digital gold, but Libra is a digital dollar.

Babbitt reported on the 10th, on August 10th, at the "Libra: A Financial Innovation Experiment" new book forum and new book conference, the national special expert Cai Weide said in the keynote speech that Libra represents the institutional stability currency, facing speed and security. New currency competition affected by four major factors, such as regulation and monetary policy. Organizations such as the Federal Reserve will actually support Libra because Libra is partly a service to the US government and is a digital dollar. To fight against the digital dollar, only digital gold is available. But he believes that Bitcoin is not digital gold, only digital currency that is actually issued based on the US dollar is counted as digital gold.