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.

https://twitter.com/TimDraper/status/1530624345994760192

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.
<blockquote><em>"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,"</em> he explained.</blockquote>

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

Tim Draper is convinced that women will begin driving up the price of Bitcoin as more retailers start offering BTC as a payment option.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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

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