There's no investment thesis for it unless you are part of their cartel, I don't understand all the excitement. Holding some would be the equivalent of depositing money into Paypal. Maybe it brings more liquidity into cryptos and accelerates adoption, maybe it doesn't. I really don't care because it doesn't change my investment thesis.
This is obviously true, Libra isn't (or shouldn't be viewed as) an investment token likely to appreciate in value. For one it is going to be pegged to fiat currencies - no one invests in any of the stable coins already out there with the idea that the investment is going to increase in value, that is basically the entire point of a stable coin is that the value is not going to change :) Libra definitely has a use for the non-crypto people of the world who want to send $ between countries, but I don't see it as being a competitor in the crypto space as far as store of value or private transactions. It is going after a different use case, which is a real world need (tons of people send money between countries and traditional banking / wire transfer methods charge a ton and are relatively slow) and it will be used widely for that use case.