Draper cites the potential for decreased transaction costs and ease of international payments as ways that cryptocurrencies are good for the planet.
Cryptocurrencies have faced increased criticism from Washington, D.C. afterHowever, Draper said on ""It's bringing it to light. It's good to have people talk about it because the more they talk about it, the more the realize how important bitcoin is going to be for the planet, for all of us," Draper said.
of its embattled founder, Elizabeth Holmes — said regulators are making a mistake by preemptively regulating cryptocurrencies.testified in front of CongressDraper said the federal government should back off and allow cryptocurrencies to grow or it risks losing the innovation to other countries. has swung considerably several times in recent weeks with the increased focus on cryptocurrencies due to the Libra proposal. The bitcoin price has been both above $13,000 and below $10,000 within the last month.that the price would reach $250,000 in 2022.
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