Bitcoin

Women Will Play A Critical Role In Bitcoin’s Next Bull Market, According To Tim Draper

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.

Women Will Play A Critical Role In Bitcoin’s Next Bull Market, According To Tim Draper

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 BTC,’ adding ‘and you’re going to see a Bitcoin price that’ll just blow right through my $250,000 estimate.’

Women ‘control about 80% of retail spending’ and retailers can save a lot on fees paid to credit card companies by choosing Bitcoin

Women Will Play A Critical Role In Bitcoin’s Next Bull Market, According To Tim Draper

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 retail spending. And retailers haven’t yet realized that they can save 2%. And they usually run on very thin margins so that might like double their profits. They can save 2% just by accepting Bitcoin instead of taking a bank-issued credit card,” he explained.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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