Potential reasons as to why the Bitcoin price is on the decline have been heavily discussed on Crypto Twitter. Two of the main theories that have been floated revolve around Bakkt's slow start and the potential delay or even cancellation of Facebook's Libra cryptocurrency project.
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While Bakkt is focused on physically settled Bitcoin futures, it should be noted that there are fundamental differences between how Bitcoin and Libra are structured. Due to the higher degree of centralization seen in Libra, some have questioned whether it should even be considered a true cryptocurrency.
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According to Castle Island Ventures Partner Nic Carter, many of the Bitcoin alternatives miss the key point as to why this new digital cash system was created in the first place. Used with permission of University Georgia Press. Materials for Teachers Materials for Teachers Home. Poems for Kids.
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