The famous billionaire investor Tim Draper said that women will be playing a crucial role in the next Bitcoin bull market as more retailers start offering BTC as a cost-effective payment method at shops.
Draper appeared in a podcast with Scott Melker on the Wolf of All Streets YouTube show. Draper insisted that women might play a chief role in pushing the largest cryptocurrency by market cap over $250,000 per coin.
He explained that as store owners start to adopt BTC as a payment method more widely, “all of a sudden, all the women will have Bitcoin wallets and they will be buying things with BTC.”
“… and you’re going to see a Bitcoin price that’ll just blow right through my $250,000 estimate,” he added.
Draper advises retailers to begin accepting BTC as soon as possible. He acknowledges that most of the store owners work on low margins so the low transaction fees as compared to operating with big credit card companies like Visa or Mastercard could grow 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%” he said.
Furthermore, he explained that retailers usually operate on very thin margins so that could double their profits. They can save 2% by accepting Bitcoin as payment instead of taking a bank issued credit card.
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