Billy Ray Cyrus is ''very proud'' of his daughter Miley.

The 'Achy Breaky Heart' singer - who co-starred with Miley in Disney's 'Hannah Montana' is impressed with how she has handled fame and after a brief estrangement in 2011, Billy Ray says their relationship is better than ever.

He told E! News: ''I like right now just being her daddy and her friend. I like where our relationship is at right now. I'm very proud of her.

''There's two sides to the sword, and fame is a very dangerous thing. So you handle it with respect and caution, step by step, day by day. Knowing that, for me, I had a friend to talk to - he was called my dad- and that's what I try to be for Miley.''

Billy Ray recently wrote his memoir 'Hillbilly Heart' and admitted he is evasive about Miley's engagement to Liam Hemsworth in the book because he is unsure if they will tie the knot.

He explained: ''I didn't know the answer. They're young. They're kids. The great news is, they're great friends. They're really, really good friends. If you end up getting married, that's your business too, you know?''