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The legendary billionaire and crypto fanatic named Tim Draper is in the latest cryptocurrency news again. His comments this time were geared towards Facebook’s stablecoin project (Libra) as well as cryptocurrencies in general. As the news show, the billionaire Tim Draper believes that both of these projects are bridges to a world dominated by Bitcoin.

Draper was a guest in an interview with CNBC on July 19, where he voiced his opinions on Libra, crypto and Bitcoin. If you are following our altcoin news, you probably know that Libra is a hot topic everywhere because of the regulatory concerns. Known as a Bitcoin advocate, Tim Draper believes that both Libra and Bitcoin are special and should not be pressured by the governments – especially in the United States.

When asked if the world is now in a post-Bitcoin environment, the billionaire investor argued that Bitcoin represented a true innovation from the cryptocurrency world. Tim Draper believes that Bitcoin will also be ultimately 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.

Appearing in the unique trademark Bitcoin tie, Tim Draper believes that US regulators were too heavy-handed dealing with innovations like Bitcoin, blockchain and related fields – which is what he told CNBC. He did not say anything about other altcoins which might have been featured in our altcoin news section.

When it comes to Libra, he said that 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.

Currently, many best cryptocurrency news sites explore the link between Libra and Bitcoin. At press time, Bitcoin looks stable and is trading more predictably after a turbulent week which saw a lot of price swings as the Congress debated a cryptocurrency policy.

Tim Draper believes that there is lack of Bitcoin support against government. He is in a lot of interviews recently, talking about being a Bitcoin bull, his investments in the crypto space as well as his outlook on the future of the crypto space.