I would like to suggest that include around 1% of bitcoin in the Libra reserve basket.
I would like to suggest that include around 1% of bitcoin in the Libra reserve basket.
While 100% of legal asset will secure 100% safety, perfection doesn’t always lead to perfection.
If Voyager 1 continued to take its path as planned, would we had seen the pale blue dot?
Again, I would suggest incorporating 1% of Bitcoin.
The volatility of bitcoin is around 5%~10% a day at most.
Forced liquidation is triggered with 10x to 20x leverage, and that's the variability of the day when the variability is high. It would be more accurate if you checked it with data, but my assume will be roughly correct.
If you mixed 1% of Bitcoin, the whole variability would be 5~10% of 1%, which means it adds 0.05~0.1% variability everyday. If you added this amount of variability, Libra Reserve wouldn't get much serious damage. Rather, the variability would vitalize the market and holders.
Also, if you show this move, you can naturally get close to the ecosystem of cryptocurrency, and highly increase the number of consent and participation from the community.
That's what I suggest to Libra.
Let's go with Bitcoin! GAZUA.
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