Billionaire Tim Draper predicts Bitcoins will reach $250,000 by the end of 2022 or early 2023

Cryptocurrency and tech investment billionaire Tim Draper believes women will drive the next upswing in bitcoin.

Renowned billionaire investor Tim Draper insists that it will be time for women to push the price of Bitcoin as more stores start offering BTC as a payment option.

Last week, Draper, a Bitcoin investor, told Scott Melker on YouTube Wolf of All Streets that women can be pivotal in pushing BTC up to $250,000.

He thinks that when the shopkeepers start accepting BTC as a popular form of payment, “suddenly, all the women will have Bitcoin wallets, and they will buy with Bitcoin.”

Tim says retailers want to accept Bitcoin as soon as possible, and lower transaction fees compared to Visa or Mastercard are an advantage of BTC.

Statistics from CreditDonkey reveal that the cost of credit card transactions is 2.9% in-store and 3.5% online. Bitcoin costs $1.40 less per transaction.

In the United States, 30% of cryptocurrency holders are women. Draper also predicted last June that Bitcoin would exceed $250,000 by the end of 2022 or early 2023.

He also added that Bitcoins would turn the world upside down by boosting the wealth of developing countries. Bitcoin is currently trading at $30,729, up 5% in the last 24 hours.

Bitcoin is down 55% from its all-time high of $68,789.

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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