Take heed, cryptocurrency doubters. Billionaire Tim Draper says bitcoin is "bigger than the internet" and it's going to take over the world.
Draper, a venture capitalist who was an early investor in Tesla, Hotmail, and Skype, says bitcoin will be "bigger than all of those combined."
Draper made the bullish predictions at an Intelligence Squared U.S. debate presented in partnership with the Manhattan Institute's Adam Smith Society, as reported by CNBC.
"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."
While some people dismiss cryptocurrency as a fad, Draper said bitcoin will disrupt and transform the economy and society as we know it.