Facebook officially announced its Libra cryptocurrency earlier this week, and analysts are starting to weigh in on it. The social networking firm describes Libra as a “global currency and financial infrastructure,” add that it will “reinvent money” and “transform the global economy.” The release statement about Facebook’s Libra is full of buzzwords and feel-good terms, but is it really a cryptocurrency? And will it really do everything the company claims it will do? Opinions vary widely. Q1 hedge fund letters, conference, scoops etc What is Facebook’s Libra? According to the company’s press release, Libra will enable users to move money…
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