Tim Draper shared his thoughts on the Libra project and his forecast for BTC

Billionaire Tim Draper is confident that Bitcoin will receive a lot of advantages because of the interest shown by society to the Libra project and its future cryptocurrency.

In an interview with representatives of CNBC, a supporter of cryptocurrency Type Draper spoke out in defense of the crypto-project Libra and Bitcoin from pressure from regulators, in particular American. When asked whether the world is now in post-Bitcoin space, Draper answered that this cryptocurrency is a true innovation in the crypto-world, which ultimately will change the financial industry and the role of the government in it. So, all other cryptocurrencies, including Libra, will become a kind of conductor for people in the Bitcoin-world.

Commenting on the attitude of regulators to the crypto-project, Draper believes that there is no need to demand guarantees from the company until the product launches. Meanwhile, the ECB thinks differently. Benoit Kuere, a member of the ECB Board of Directors, said yesterday that the Libra project would not be on the market until regulators gave permission for this. The asset from Libra, according to him, should be distinguished by stability, reliability and transparency. If this is not achieved, then no regulator will agree to legalization.

Recall also the Tim Draper forecast for Bitcoin. Earlier, he stated that the rate of cryptocurrency will increase to $ 250,000 by 2023 and made it clear that he does not intend to abandon this forecast.