Blockstack CEO says he’s “cautiously optimistic” on Libra

Blockstack has been making headlines lately, with its $28 million token sale being approved by the SEC. Now, Blockstack chief executive, Muneeb Ali has shared his thoughts on Facebook’s upcoming cryptocurrency, Libra.

10 years from now will everyone be buying things with #BTC or $FB Libra? asks @JoeSquawk

— Squawk Box (@SquawkCNBC) July 11, 2019

Despite the crypto market reporting mixed reactions to Libra, Ali has decided to give them the benefit of the doubt, despite many arguments against Facebook and Mark Zuckerburg. During an interview with CNBC’s Squawk Box, Ali says he remains “cautiously optimistic” on Libra, largely because Zuckerburg and Facebook are taking the backseat on the project:

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