Bitcoin will be the part of crypto innovation that really changes changes the world, the billionaire investor tells mainstream media.
Bridges to a ‘Bitcoin environment’
Speaking to CNBC in an interview on July 19, Draper, who is well known as a Bitcoin advocate, defended both Libra and Bitcoin against recent pressure from governments, particularly in the United States.
Asked whether the world was now in a post-Bitcoin environment, he argued that Bitcoin represented the true innovation from the cryptocurrency world, and would ultimately be the tool that reshaped borders, finance and government power.
“I think all these other cryptos are bridges to where we have a Bitcoin environment,” he said.
With Libra, for example, he opined there was no need to demand regulatory assurances before the product had even launched.
“We’re putting regulation before the innovation – Facebook’s just announced Libra; they haven’t even been able to ship it yet, and the regulators are all over them,” he continued.