Billionaire thinks women are crucial to higher Bitcoin prices

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Last Updated on 21 November 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Although many thought that Bitcoin would fall further due to the FTX scandal, the largest digital currency still held up reasonably well and the volatility of Satoshi Nakamoto’s invention has remained stable in recent weeks. It is therefore clear that Bitcoin has found a support level around $15,000 to $16,000.

The question therefore remains what a possible impulse could provide a new leg up. According to billionaire investor Tim Draper, the answer is women.

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Skype and Tesla

Sixty-four year old Tim Draper still lives and works in Silicon Valley, California. In the past, the investor made successful investments in companies such as Skype and Tesla as well as the Hotmail technology (before it was sold to Microsoft) and earned billions. He has also been a so-called Bitcoin bull for years. Tim is still convinced that one day Bitcoin will trade for $250,000. And according to him, women hold the key.

In the long run, it’s just about women

Tim said.

Draper noted that women now control 80% of all household expenses and that this is a noticeable difference from before.

Women only have, well way back when, it was like one in 14 Bitcoin wallets, and now it’s one in six.

When women realize that they can get a discount by paying in Bitcoin when retailers realize they can double their profits by accepting Bitcoin, it’s going to move pretty quickly.