CNBC host Joe Kernen: Facebook's Libra is not a cryptocurrency

According to Cointelegraph, CNBC host Joe Kernen questioned whether Facebook's Libra is a cryptocurrency in an interview with Squawk Box on June 19. He later said on Twitter that Libra "does not excite me at all" and believes The blockchain network used by the primary cryptocurrency can add intrinsic value. When describing Libra, Kernen added: "This is only based on the US dollar. I don't understand, is this called cryptocurrency? No."