Urgent: Cryptocurrency Will Rise $220,000.. Thanks to Women

It seems that there are tycoons who see that Bitcoin will achieve a major breakthrough in the coming days, thanks to the cases of adoption and the high rates of inflation witnessed in world markets, in addition to the wide adoption of Bitcoin by women in shopping operations.

250 thousand dollars

Billionaire and famous business magnate Tim Draper says he has doubled his Bitcoin forecast by $250,000 on a set schedule.

Venture capital investor Tim Draper has reiterated his prediction that the price of (BTC) will break into six figures over the coming months.

“By the end of this year or early next year,” Draper says in a new interview, bitcoin will hit $250,000.

women cause

A venture capital investor who made early bets on Coinbase (NASDAQ:), Hotmail, Skype, Tete and Tee adds that the catalyst will be women using bitcoin to shop.

Tim Draper says one thing that is likely to happen, and I don’t know when exactly, is that women will start using bitcoin.

Draper added, “She was one of 14 female bitcoin holders, and now the number has shifted to 1 in 6 female bitcoin holders… I think the number is on the way to increase.”

Why women?

The venture capital investor says the way it would be is for women to control about 80% of retail spending.

Draper added that retailers operate at very low profit margins, while they can only save 2% by accepting bitcoin instead of taking a bank-issued credit card.

The famous billionaire said that this could change everything, and all of a sudden all the women would have bitcoin wallets and they would buy things with bitcoin, and you would see a bitcoin price that would explode by my $250,000 estimate. “

NFT and DeFi tokens

The billionaire investor also anticipates that non-fungible tokens (NFT) and decentralized finance (DeFi) will be adopted more institutionally in the coming months.

Tim Draper added, “What I’ve noticed is that technologies are being taken up first by consumers and as a result of this uptake, organizations are starting to step into the process of adoption and incubation.”

“I think you’re going to start to see NFTs moving from a consumer to an organization where your certificate, driver’s license, your employment history, your medical records and all of that stuff will now move to the NFTs, and that’s going to be kind of a new trend for NFTs,” Draper added.

Draper highlighted his position on decentralized autonomous organizations (DAOs), where he says that DAOs can be used to more equitably reward various stakeholders in successful businesses.

bitcoin now

Bitcoin is trading larger during these moments below the levels of 30 thousand dollars, and according to Draper’s forecast, it is expected to rise within the limits of more than 730% before the end of the year.

Bitcoin has been declining since the beginning of the year in the range of 40%, while dropping from its historical peak during November 2021, when it reached levels near the 70,000 dollars by more than 40 thousand dollars.

Less optimistic forecasts

JPMorgan said the fair price of Bitcoin is 28 percent above its current level, after a strong sell-off in the market recently.

The chief investment officer of the Guggenheim Foundation says that Bitcoin may fall to the level of $ 8,000, which means a decrease of more than 70% from its current levels.

Speaking on the sidelines of the World Economic Forum, Scott Minerd added that the continuous decline of Bitcoin to below $30,000 makes expectations increasing on the downside.

A few days ago, Peter Schiff, chief global economist and strategist at Euro Pacific Capital, predicted an even bleaker scenario for the largest digital currency, Bitcoin, if the downturn continues.

“If Bitcoin fails there at $35,000 levels, I think $33,000 will be the next challenge,” added Euro Pacific Capital’s chief global economist and strategist.

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