Principal Analyst at Weiss Ratings: Libra is not a cryptocurrency or investment, but a revolutionary legal currency

Juan Villaverde, principal analyst at Weiss Ratings, a cryptocurrency rating agency, wrote that some people think Libra is a cryptocurrency, while others think Libra is similar to an ETF, and I think they are all wrong. Libra is not a cryptocurrency, nor an investment. It is a brand new, revolutionary legal currency. One of the main reasons for its revolutionaryness is that, for the first time in history, we have witnessed the emergence of a currency that is not supported by sovereign governments but supported by large corporations. This is where Libra is truly revolutionary, not its technology, but the privatization of money.