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Tim Draper’s Reason for Bitcoin Hitting $250,000 Receives 'Practical Support'

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Sat, 05/09/2020 - 11:24
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Yuri Molchan
Last year, billionaire Tim Draper shared one major reason why Bitcoin would surge to $250,000 within two years, now his statement seems to be finding support
Tim Draper’s Reason for Bitcoin Hitting $250,000 Receives 'Practical Support'
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In December 2019, in one of his interviews, the billionaire, global investor and Bitcoin advocate Tim Draper doubled down on his forecast regarding the Bitcoin price in the near future.

He again stated that BTC would be worth not less than $250,000. Earlier, he mentioned that this was even a conservative prediction.

However, the trigger that would take Bitcoin as high as $250,000 by 2022-2023, according to Draper, now is confirmed by those who have a direct connection to it – women.

Women to drive Bitcoin adoption forward

The prominent Bitcoin advocate Tim Draper earlier several times predicted that by 2022-2023 Bitcoin would hit the astronomically high level of $250,000.

Back in December 2019, he stated that a wide Bitcoin adoption would be achieved thanks to women getting involved. As the main reason, Draper mentioned that around eighty percent of shopping is done by them.

However, as per Draper, only one wallet out of fifteen belongs to a woman. So as soon as they realize that paying with BTC is cheaper than using bank cards, the adoption is going to boost, as well as the price. He said:

“I think the flood gates are about to open because it turns out that women do about 75-80 percent of the shopping and only 1 out of 15 Bitcoin wallets is held by a woman. So once women realize they are wasting 2.5-4 percent every time they swipe their credit card they will definitely be starting to look for a better solution.”

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Women’s take on Bitcoin

The CoinShares CSO Meltem Demirors took to Twitter today to express a similar view on Bitcoin and a possible role of women in the global spread of its use.

BTC
Image via Twitter

Another Twitter user, ‘MsHodl’, offered advice on how to get women to start using Bitcoin.

“Women don’t need Tik Tok videos or fashion models to get them into Bitcoin. They need easy to understand information and tools to make them feel confident in their investment. Women by nature are less “risk takers.”

Another ‘recipe’ of driving a successful global Bitcoin adoption comes from a man, though, ‘The Bitcoin Rabbi’. He tweets:

“Bitcoin will never be successful until after plumbers start using it to pay for their news site subscriptions!”

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.