Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
According to billionaire investor Tim Draper, it will be women who will drive the next bull a person that is optimistic and confident that market prices will increase, this person is also known to be "bullish" about the market or price. market an area or arena, online or offline, in which commercial dealings are conducted. for Bitcoin.
- Tim Draper estimates a Bitcoin price of $250,000 USD
- The proportion of women in Bitcoin has risen to 1:6
- Billionaire believes women will drive higher price of BTC
Billionaire Tim Draper, the famous cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. and technology investor, has been raving about Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. . On is only one holder of the main cryptocurrency and is a altcoins but has recently revealed the “secrets” to successfully investing in BTC.
Now in a new interview has expressed his belief that women’s retail purchasing power, together with the acceptance of Bitcoin in commercial stores, could send the asset to new highs above USD 250,000. This price is already I had predicted it before, only in 2021 he thought he could reach it by the end of this year.
Bitcoin has a price of USD $30,628 as of today, 30 May, 8:00 a.m. New York time, according to Cryptomarkets.
Forecast of USD $250,000 per BTC
Draper told host Scott Melker on the show’sYouTube Wolf of All Streets that women could be key to pushing the largest cryptocurrency by market cap to reach $250,000 per coin.
Their arguments are that as store owners begin to accept BTC as payment more widely, “all of a sudden, all women will have Bitcoin wallets and buy things with Bitcoin:”
“Entonces verás un precio de Bitcoin que superará mi estimación de USD $ 250.000”.
So, on that note, Draper believes the best thing for retailers to do is to start accepting Bitcoin as soon as possible. He acknowledges that most store owners operate on low margins, so he reduced transaction fees compared to working with major credit card companies Visa o Mastercard could increase BTC’s incentives.
The average credit card transaction costs merchants as much as 2.9% in-store and 3.5% online per purchase, according to CreditDonkey. By comparison, the average transaction fee for BTC is a fixed $1.4 USD per transaction, according to the data compiler at Bitcoin BitInfoCharts.
Women in power
Draper hints that the benefit to retailers is obvious. He said women ” control around 80% of retail spending”.
He added that the inclusion of women should be a welcome addition to the cryptomarket. She commented that previously there had been a 1:14 ratio of female to male holders of Bitcoin in relation to men which was reduced to 1 woman 6 for every 6 men. She also believes that it will eventually be “even”. And there she insists: the increased participation of women should boost the process of adoption of Bitcoin.
Other figures indicate that women currently make up 30% of all cryptocurrency owners in the United States, according toThe State of Consumer Banking & Payments de the research firm Morning Consult.
The level of adoption Draper expects may not be far off, he says. Cointelegraph, since Morning Consult found that about 24% of U.S. households own cryptocurrencies, representing a 2% increase since July 2021.
Want to hear it? Here is the video with part of the interview:
Draper also shared the full interview on Twitter:
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
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