Professor of the Chinese Academy of Social Sciences: Libra will break through the Fed mode or break the ice by opening the mainstream currency value exchange channels such as French currency and Bitcoin.

According to the cover news on June 20th, Wang Binsheng, a professor of postgraduate degree at the Chinese Academy of Social Sciences, believes that Libra’s tokens based on the principle of blockchain technology, “as long as they have the characteristics of a blockchain, they must be cross-border and freely circulated. Because Facebook is an Internet giant, the event will be another milestone in the blockchain world.” He also said, “The transfer of traditional financial assets from the mainstream society to the virtual world is about to open, and will directly open traditional French currency and bits. Currency and other mainstream currency value exchange channels, and in the future will directly lead to skyrocketing bitcoin prices. Breaking the Fed model may be an icebreaker.