Tim Draper: Facebook is too late to enter, the US government will not implement too much supervision on this technology.

According to AMBCrypto, US venture capitalist Tim Draper said recently that he welcomes Facebook into the field of encryption and believes that this is a big step toward recognizing cryptocurrency. However, he pointed out that Libra's infrastructure has much room for improvement. Facebook is too late to enter, and eventually it will be in the same position as all other cryptocurrencies, and people will think Bitcoin is better. He further envisages that the US government will not impose too much regulation on this technology, as it may shift innovation from the United States to encryption-friendly markets such as Malta and Japan. He also mentioned that although big figures such as Buffett may not be interested in investments outside the legal currency market, young people with legal currency debt find that cryptocurrency is the most viable option for experiencing financial stability.