Bitwise Claims Facebook’s Libra Propelled Bitcoin 3 Years Ahead, But is This True?

Over the past month or two news and rumors regarding Facebook’s Libra initiative have dominated both crypto and mainstream news cycles, with many analysts claiming that the more centralized digital option could end up posing stiff competition to Bitcoin and other cryptocurrencies.
Despite this possibility, Bitwise – a leading provider in index and beta crypto asset funds – explained in their monthly investor newsletter that they believe Libra has propelled Bitcoin ahead by thre