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> Libra is essentially an ETF But what they invest in will be interesting: what happens when the next financial crisis comes ? When the dollar plunges ?
by thatfrenchguy 7y ago
> Libra is essentially an ETF
But what they invest in will be interesting: what happens when the next financial crisis comes ? When the dollar plunges ?
- 2a96eb7d685a49c 7y agoPart of the solution is that it is a basket of currencies rather than just the dollar.
- mountainofdeath 7y agoThese sorts of "currency" are typically invested in short term, low-risk deposits. Think bank certificates of deposit, US treasuries and the equivalents in foreign currencies.
- willhslade 7y agoThe buck still broke in 2008; that's what started the crisis.
- boh 7y agoThen Libra will also plunge. It's tied to USD/EUR.