Thomas Lee, the founder of Fundstrat Global Advisors, believes that Facebook's stablecoin will eventually be used to buy bitcoins. Thus, Libra will help crypto market to develop.

Facebook's Libra will ultimately play into the hands of bitcoin, believes Thomas Lee from Fundstrat.

“Libra pretty much destroys anyone who believes “blockchain not bitcoin”

- @facebook is launching a crypto currency, albeit a stable coin

- even traditional fiat’s primary use to buying financial assets (96:1), hence, #Libra primary use likely to buy $BTC,” Lee tweeted.

Facebook announced that it will launch Libra in 2020 and gets ready for testing of its Calibra crypto wallet that will work both as an application and as a service integrated into Facebook messenger and WhatsApp.

Facebook founder Mark Zuckerberg is a “useful idiot” for bitcoin mass adoption. This opinion was expressed by bitcoin-enthusiast and TV host Max Kaiser. He also believes that bitcoin could benefit from Facebook’s entry into the digital financial asset market.

“It’s built into the protocol’s genesis block that eventually a heavyweight like $fb would take on BTC. This increased awareness and appeal to would-be potentates will, of course, drive the hashrate to new highs, leading to new ATH for BTC price. Zuck is Satoshi’s useful idiot,” he wrote.