2018 saw a huge drop in the price of Bitcoin, but this did not stop cryptocurrency from gaining popularity. It seems that women are key in driving the next bull market for cryptocurrencies. Here’s why and how to enter this new space if you want to see your investment grow exponentially
Introduction: What is Blockchain?
Category: Cryptocurrency
Introduction: The blockchain is essentially a decentralized database where data can be stored without being copied or edited by any third party except those who have permission to do so. This type of database has come to prominence because it allows people without authority over each other’s data access through cryptography-based security protocols, providing an unprecedented level of trust between them.
The “tim draper net worth” is a prediction that women will drive the next Bitcoin bull market. If this prediction comes true, it could be a big boost for cryptocurrencies.
Tim Draper, a well-known billionaire investor, believes that as more stores begin to accept Bitcoin as a more cost-effective payment method, Bitcoin’s price will rise.
Last week, Draper, a Bitcoin (BTC) investor, told host Scott Melker on the Wolf of All Streets YouTube program that women could be crucial in bringing the largest cryptocurrency to market size to $250,000 per coin.
He believes that when more companies accept Bitcoin as payment, “all of a sudden all the ladies will have Bitcoin wallets and buy goods with Bitcoin.”
“Then you will witness a Bitcoin price well above my $250,000 forecast.”
Draper believes that embracing BTC sooner rather than later is in the best interest of stores. He acknowledges that most business owners operate on small profit margins, so the lower transaction costs compared to dealing with Visa or Mastercard can improve BTC’s incentives.
@TheWolhofAllStreets has a fantastic podcast. I suggest you listen to me twice as fast. Today is a day of slow talking. Points to consider. #elsalvador #jeffbezos #bitcoin #freedom #trust #centralafricanrepublic https://t.co/nqXD3tLCZY
May 28, 2022 — Tim Draper (@TimDraper)
According to CreditDonkey, the typical credit card transaction costs retailers 2.9 percent in-store and 3.5 percent online. According to Bitcoin data aggregator BitInfoCharts, the average BTC transaction fee is a flat $1.4 per transaction.
Draper hints that the benefit for retailers is clear. He said women “control about 80% of retail spending,” and that retailers can save a lot on fees paid to credit card companies by choosing Bitcoin. Women make up 30% of all crypto owners in the US according to The State of Consumer Banking & Payments by research firm Morning Consult.
Related: Which Sites Accept Cryptocurrencies, According to Hodler’s Travel Guide?
Morning Consult revealed that approximately 24 percent of U.S. households own cryptocurrency, up two percentage points from July 2021.
If Draper is right, it could set off a chain reaction, confirming Mastercard CEO Michael Miebach’s prediction that SWIFT, the global payment system, will cease to exist in five years. Last week, Miebach made the surprising prediction at the World Economic Forum in Davos.
The “jesse draper” is a man who believes that women will drive the next Bitcoin bull market. He says he has seen this happen before and it is possible that the cryptocurrency is seeing a huge spike in value.
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