CNBC reported that Draper recently spoke at the Intelligence Squared U.S. debate presented in partnership with Manhattan Institute's Adam Smith Society. Regarding the potential of cryptocurrency, he said:
"This is bigger than the internet. It's bigger than the Iron Age, the Renaissance. It's bigger than the Industrial Revolution….This affects the entire world and it's going to be affected in a faster and more prevalent way than you ever imagined."
Draper is known for his investments in Tesla, Hotmail, and Skype. However, when comparing those investments he said Bitcoin will be "bigger than all of those combined."
Draper further claimed that Bitcoin's value will hit $250,000 by 2022, and stated that "in five years you are going to try to go buy a coffee with fiat currency and they are going to laugh at you because you're not using crypto….