Tim Draper, during an interview on Wolf of All Streets, explained how women will push up the price of Bitcoin.
This is not a good time for those investing in cryptocurrencies. The market is in full bear phase and almost all altcoins seem to be on the brink of the precipice.
The positive news, however, is that many leading investors do not believe that this dark moment will last long.
Summary
Tim Draper and his interview with Wolf of All Streets
Thanks to the purchasing power in the hands of women, the price of BTC will skyrocket as soon as all traders start accepting it, according to Tim Draper.
One of the big investors who is positive about crypto investments is Tim Draper.
In one of his latest interviews for the popular YouTube show Wolf of All Streets, he explained how, in his view, women could play a key role in the coming bullish market.
The prominent American investor believes that the purchasing power is in the hands of the female audience and that therefore when shops start accepting Bitcoin as a payment method, it is women who will cause the price of BTC to skyrocket.
According to predictions, the queen of cryptocurrencies could even hit a new ATH, exceeding $250,000.
It will soon be possible to pay in crypto in shops
Tim Draper goes on to emphasize the fact that accepting cryptocurrencies as a payment method is an extremely convenient option also and especially for the retailers themselves.
The conversion process will take some time but, having said that, the switch seems to be a truly physiological evolution of the old and now obsolete payment methods.
Draper stated that:
“All of a sudden, all the women will have Bitcoin wallets and they will be buying things with Bitcoin. Then you’re going to see a Bitcoin price that’ll just blow right through my $250,000 estimate”.
The investor strongly believes that retailers will start accepting payments in cryptocurrencies as it would be a huge advantage for them.
Indeed, while the average credit card transaction costs retailers up to 2.9% in-store and around 3.5% when buying online, the average fee for a BTC transaction is set at $1.4 per transaction.
Quite a difference.
If Draper is right, the famous and hailed mass adoption would be much closer than expected. It also confirms Mastercard CEO Michael Miebach‘s prediction that the global payments system SWIFT may no longer exist in five years.
