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Cryptoknowmics 2022-05-30 06:46:40

Tim Draper Believes Women Play a Key Role in Bitcoin’s Next Bull Market

Venture capitalist Tim Draper is convinced that women will begin driving up the price of Bitcoin (BTC) as more retailers start offering the flagship cryptocurrency as a payment option. Fantastic podcast with @TheWolfofAllStreets. I recommend you listen to me at 2X speed. Slow speech day. Important points. #centralafricanrepublic #elsalvador #jeffbezos #bitcoin #freedom #trust https://t.co/nqXD3tLCZY — Tim Draper (@TimDraper) May 28, 2022 Appearing in a podcast show with Scott Melker on the Wolf of All Streets YouTube show last week, Draper opined that women could play a key role in pushing the largest crypto by market cap up to $250,000 per coin. He reasons that as store owners begin to accept BTC as payment more widely, ‘all of a sudden, all the women will have Bitcoin wallets and they will be buying things with Bitcoin,’ adding ‘and you’re going to see a Bitcoin price that’ll just blow right through my $250,000 estimate.’ According to him, women ‘control about 80% of retail spending,’ and that retailers can save a lot on fees paid to credit card companies by choosing Bitcoin. Draper believes it is in retailers’ best interest to begin accepting BTC sooner than later. He acknowledges that most store owners operate on low margins so the reduced transaction fees compared to working with major credit card companies Visa or Mastercard could increase BTC’s incentives. “And the way it’s going to be even is women control about 80% of...

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