Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

Women could help drive Bitcoin to $250k, saysTim Draper

0
(0)

Crypto continues to see greater adoption around the world, with a major shift likely to come after the latest market downturn. Some of the upside impetus could actually be triggered from a group of market participants not currently a big part of the space – women.

Survey reports have shown that women currently make up only a small percentage of investors in crypto.

For instance, an CNBC survey in August last year revealed that male involvement in crypto was more than double that of women – 16% for men crypto compared to 7% for women.  The gap is also pretty much the same in the Exchange-Traded Funds market, statistics showing a 14%:7% ration in favor of men.

So, what happens if the crypto space saw increased adoption by women?

According to venture capitalist Tim Draper, it would catalyze crypto’s next bull run. In his opinion, shared during a podcast with Scott Melker, this has the potential to push crypto prices to a new peak.

But the billionaire investor says there’s something that needs to happen before we see a narrowing of the gender disparity – more store owners need to accept payments in Bitcoin (BTC).

Bitcoin could ‘blow right through’ $250k

According to Draper, Bitcoin represents a great payment method for most stores, which he noted, have low operating margins. Adding support for BTC payments thus allows them to tap into low transaction fees while providing fresh ways to incentivize customers.

While transaction costs for Bitcoin average $1.4 (check BitInfoCharts), the cost is way higher for merchants and customers using Visa and MasterCard. On average, in-store transactions with credit cards cost up to 2.9%.  Fees range around 3.5% for online purchases.

These are costs stores could avoid if they choose Bitcoin, adding that further benefits would come from increased customers. Women control roughly 80% of the retail spending power.

Draper’s prediction if a higher percentage of women began using Bitcoin? He is holding up for a potential bull market that could “just blow right through” his earlier forecast of $250,000.

More women entering the Bitcoin Market

Crypto adoption remains on a slow ascent, with Morning Consult showing that just 2% more Americans (from July 2021) said they own cryptocurrencies (now 24% of US adults).

The data intelligence firm did however find an interesting trend in another survey – women make up 30% of all Americans who say they own crypto. The numbers are higher compared to early 2021 and align with findings in Australia where exchange usage among women was reported to have soared 175%. That’s more than double that of men at 80%.

And it’s not just more women coming into crypto, they are making higher initial deposits compared to men at an average of $2,381 versus $2,060.

Evidently, there are more women coming into crypto and trading and Draper says this adds to the positive outlook for Bitcoin. A lot of the positivity relates to increased support for the flagship cryptocurrency as a payment method by merchants and online stores.

The post Women could help drive Bitcoin to $250k, saysTim Draper appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

Women could help drive Bitcoin to $250k, saysTim Draper

 

https://cointext.com/news/women-could-help-drive-bitcoin-to-250k-saystim-draper/feed/

 

 

 

 

 

Ads by Cryptonews24

 

Buy bitcoin and other cryptocurrencies on crypto exchanges:    Binance    Coinbase      Kraken      Bitfinex

⚠️WORLD OTC⚠️

💸PAYING AS OF 06/28/2022💸

🛑 REGISTRATION LINK

https://www.worldotc.com/#/pages/login/register?invite=75103

FOR EVERY 10 USERS that you INVITE and work on the platform they will give you $10

————————————————

🌍HOW DOES IT WORK?🌍

👉🏻Rounds are settled every 3 hours, and each round will be 0.4% of your investment amount.

👉🏻You can do up to 8 rounds a day, with a MAXIMUM RENT OF 3.2℅ DAILY.

👉🏻 Make compound interest and double your investment in just 23 days.

👉🏻 The maximum profit per month is 157.2%.

⚫️ Minimum investment amount: 10USDT.
🟢 Minimum withdrawal amount: 5USDT.
🔴 Withdrawal fee: 3℅

————————————————

☢️ MORE INFORMATION

🤖 Self clips

💸 Proof of payment

📺 Telegram groups

https://t.me/WorldOTC1


🔥🔥!! NEW APP!!🔥🔥
👉👉 Name: BUYSTATION 🎄🎄
📆Launched on 01/07/2022
🎉Register and earn money easily 🎁

📈 Daily earnings between 5.6%
💳Payment: USDT TRC-20. *Same Allegro*
🕛Withdrawal time: 5 minutes 2 hours
🌐Registration link👇👇

https://buystation.ink/#/pages/login/register/index?referCode=n6aIBy

🤯🤯 REGISTRATION BONUS $5

🤯🤯 REF PRIZE $5

🤯🤯 $6 for $100 CHARGES

🤯🤯 NOTE REGISTRATION BONUS VALID FOR 12 HOURS

📥Minimum investment $20💵
📤Minimum $30 withdrawal💵

👥team commission💰
⭐️(Level 1 – 18%) 🔥
⭐️(Level 2 -10%) 🔥
⭐️(Level 3 – 5%) 🔥

 

🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨

❌Warning:❌
Investing in cryptocurrency carries a high level of risk.

————————————————————————————————————————-
🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
Brand new mining Platform machine
rental very easy to use! ✅

🟢Minimum deposit : 10 usdt
🟢Minimum withdraw : 10 usdt

Referral invite:
Line1: 11%
Line2: 8%
Line3: 6%

Registration link:

base.siteminingzone.com/siteMining/register?referralCode=159686

❌Warning:❌
Investing in cryptocurrency carries a high level of risk.

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯

 

👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

https://cocacola66.vip/index/login/reg/invite_code/052091

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link
👇🏽

https://cocacola66.vip/index/login/reg/invite_code/052091

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎

----------------------------------------------------------------------------------------------------------------------------------------

TELEGRAM
Cryptonews24 Channel Chat