{"id":454913,"date":"2022-05-30T08:50:09","date_gmt":"2022-05-30T05:50:09","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tim-draper-women-will-drive-the-next-bitcoin-bull-market\/"},"modified":"2022-05-30T08:50:09","modified_gmt":"2022-05-30T05:50:09","slug":"tim-draper-women-will-drive-the-next-bitcoin-bull-market","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tim-draper-women-will-drive-the-next-bitcoin-bull-market\/","title":{"rendered":"# Tim Draper: Women will drive the next Bitcoin bull market"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25b3ec09ca2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25b3ec09ca2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/tim-draper-women-will-drive-the-next-bitcoin-bull-market\/#%E2%80%9D_Tim_Draper_Women_will_drive_the_next_Bitcoin_bull_market_%E2%80%9C\" >&#8221; Tim Draper: Women will drive the next Bitcoin bull market &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Tim_Draper_Women_will_drive_the_next_Bitcoin_bull_market_%E2%80%9C\"><\/span>&#8221; Tim Draper: Women will drive the next Bitcoin bull market &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvODk0NGEyNzEtYjBkMy00NzNiLWEyOGQtMjE4YmU5ZjM2NWRmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Renowned billionaire investor Tim Draper insists that a time will come when women begin driving up the price of Bitcoin as more retailers start offering it as a more cost-effective payment option at shops.<\/p>\n<p>Draper, a Bitcoin (BTC) investor himself, told host Scott Melker on the Wolf of All Streets <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">YouTube<\/a> show\u00a0last week that women could be key in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=9L66tm_faR0&amp;t=14s\">pushing<\/a> the largest crypto by market cap up to $250,000 per coin. <\/p>\n<p>He reasons that as store owners begin to accept BTC as payment more widely, \u201call of a sudden, all the women will have Bitcoin wallets and they will be buying things with Bitcoin:\u201d <\/p>\n<blockquote><p>\u201cThen you\u2019re going to see a Bitcoin price that\u2019ll just blow right through my $250,000 estimate.\u201d<\/p><\/blockquote>\n<p>Draper believes it is in retailers\u2019 best interest to begin accepting Bitcoin sooner than later. He acknowledges that most store owners operate on low margins, so the reduced transaction fees compared to working with major credit card companies Visa or Mastercard could increase BTC\u2019s incentives.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Fantastic podcast with @TheWolfofAllStreets. I recommend you listen to me at 2X speed. Slow speech day. Important points. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/centralafricanrepublic?src=hash&amp;ref_src=twsrc%5Etfw\">#centralafricanrepublic<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/elsalvador?src=hash&amp;ref_src=twsrc%5Etfw\">#elsalvador<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/jeffbezos?src=hash&amp;ref_src=twsrc%5Etfw\">#jeffbezos<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/freedom?src=hash&amp;ref_src=twsrc%5Etfw\">#freedom<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/trust?src=hash&amp;ref_src=twsrc%5Etfw\">#trust<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/nqXD3tLCZY\">https:\/\/t.co\/nqXD3tLCZY<\/a><\/p>\n<p>\u2014 Tim Draper (@TimDraper) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TimDraper\/status\/1530624345994760192?ref_src=twsrc%5Etfw\">May 28, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The average credit card transaction costs merchants up to 2.9% in-store and 3.5% online per purchase, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.creditdonkey.com\/credit-card-processing-fees.html\">according<\/a> to CreditDonkey. By comparison, the average BTC transaction fee comes in at a flat $1.4 per transaction, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitinfocharts.com\/comparison\/bitcoin-transactionfees.html#3y\">according<\/a> to Bitcoin data compiler BitInfoCharts. <\/p>\n<p>Draper hints that the benefit to retailers is obvious. He said that women \u201ccontrol about 80% of retail spending,\u201d and that retailers can save a lot on fees paid to credit card companies by choosing Bitcoin. Women constitute 30% of all crypto owners in the United States,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/go.morningconsult.com\/rs\/850-TAA-511\/images\/220120_State_of_Consumer_Banking.pdf\">according<\/a> to The State of Consumer Banking &amp; Payments by research firm Morning Consult. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Hodler&#8217;s guide to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a>: Which platforms accept cryptocurrency?<\/em><\/strong><\/p>\n<p>The level of adoption that Draper hopes for may not be far off, as Morning Consult found that about 24% of American households own crypto, which is up 2% from July 2021. <\/p>\n<p>If Draper is right, then it could start a cascade event which would also validate Mastercard CEO Michael Miebach\u2019s prediction that the global payments system SWIFT would not exist in five years. Miebach made the shocking prediction last week at the World Economic Forum in Davos.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/tim-draper-women-will-drive-the-next-bitcoin-bull-market\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Tim Draper: Women will drive the next Bitcoin bull market &#8220; Renowned billionaire investor Tim Draper insists that a time will come when women begin driving up the price of Bitcoin as more retailers start offering it as a more cost-effective payment option at shops. Draper, a Bitcoin (BTC) investor himself, told host Scott&#8230;<\/p>\n","protected":false},"author":1,"featured_media":454914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvODk0NGEyNzEtYjBkMy00NzNiLWEyOGQtMjE4YmU5ZjM2NWRmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,76276,74937,75819,77796],"class_list":["post-454913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-payments","tag-bitcoin-price","tag-bitcoin-wallet","tag-tim-draper"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/454913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=454913"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/454913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/454914"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=454913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=454913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=454913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}