Source: Management of Organizations: Systematic Research.
Abstract: This paper examines the impact of Libra on volatility of Bitcoin using the classical framework of C. Lamoureux and W. Lastrapes A negative association between volatility and funding size and the disappearance of volatility student coin market long-term volatility effect suggest that Libra, as a dominant new currency, is likely to stabilize the cryptocurrency market and enhance potential for currency diversification.
Furthermore, it is revealed that the stability cannot be ensured merely by backing decentralized blockchain instruments, such as Bitcoin, with bank deposits, government securities or exchange rate.
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