Libra's Popularity Surpasses Ethereum, Bitcoin is still the Winner.

Facebook Libra have surpassed other mainstream cryptocurrencies such as Ethereum, Litecoin and XRP.

Libra's Popularity Surpasses Ethereum, Bitcoin is still the Winner.
Libra's Popularity Surpasses Ethereum, Bitcoin is still the biggest winner.

The two hearings held last week have brought more people to understand cryptocurrencies. According to a recent survey, people who have heard of Libra have surpassed other mainstream cryptocurrencies such as Ethereum, Litecoin and XRP.

According to Forbes, a new study by eToro, a US encryption brokerage company, found that 58% of American adults have heard of the first cryptocurrency bitcoin, which is also the highest market value, and only 16% know Facebook's Libra. Only 12% of the people who know the second largest cryptocurrency, Ethereum, know that there are very few people who know other cryptocurrencies such as Litecoin and XRP. 

Although the gap between Libra and Bitcoin is still very large, it is only a short month since Libra was launched, and Bitcoin has been in existence for more than 10 years. Since its launch, Libra has received close attention from governments, regulators and central banks. Last week, US President Trump’s statement made more people understand Libra, Bitcoin and cryptocurrency.

Guy Hirsch, managing director of eToro USA, said, “We believe that the blockchain technology that encrypts and supports it is critical to tomorrow's economic development. By introducing this concept to a new audience, Libra can be centralized and democratized in financial development. Play a vital role." 

In the Senate and House hearings, lawmakers are concerned about Facebook's data security and privacy issues. In the survey, more than half (54%) of respondents expressed doubts about Facebook's management of their personal data, and only 17% said they trust Facebook in trusting banks. 

And for the positive impact of the hearing on Bitcoin, Interchange co-founder Dan Hedl mentioned in an interview with BlockTV.

If someone told me seven years ago that the Fed chairman, the US Treasury Secretary and the MPs would talk about Bitcoin in public, I can't believe it. I definitely think that what happened in the past week is positive. I have to say that Libra can improve encryption. The status of money in the world.

an Hedl added that although the encryption industry is currently being suppressed, market sentiment is still bullish. Bitcoin’s trend in the past week has been sideways, and analysts believe that the US president and Libra hearings have not caused much negative impact on the market.

Author Liang CHE of bitpush.news  | Image: Google