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Benzinga
Benzinga
Business
Murtuza Merchant

Women Participation Will Shoot Bitcoin Beyond $250,000: Tim Draper

Tim Draper Bitcoin Crypto Elon Musk Twitter Inc.

Highlighting the importance of participation of women in using Bitcoin (CRYPTO: BTC), billionaire investor Tim Draper has said women control 80% of the retail spending, and using the cryptocurrency for buying things will shoot its prices beyond $250,000.

“One thing that will most likely happen but I am not sure when is that women will start using BTC. Earlier, 1 in 14 BTC holders was a woman, and now it is 1 in 6 and it will eventually be even… Women control that 80% of retail spend and retailers too have not yet realized that they can save 2% (on credit card fees) just by accepting BTC instead of taking a bank-issued credit card,” Draper said.

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