The implementation of Bitcoin (BTC) as a standard payment method might be introduced sooner than expected, as more than 20% of American households possess crypto.
Tim Draper, an American VC investor and founder of Draper University, presented an interesting take by suggesting that women will eventually drive the next Bitcoin (BTC) bull market.
On May 24, during a podcast dubbed “Bitcoin Will Hit $250,000” and hosted by Scott Melker on the Wolf of All Streets YouTube show, Draper implied that women might play a major role in driving the biggest cryptocurrency by market cap up to $250,000 per coin.
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He stated that the time will come when merchants will start accepting Bitcoin (BTC) payments and women will dominate the shopping market. “All of a sudden, all of the women will have Bitcoin wallets and they will be buying goods with Bitcoin,” Draper added. He continued and implied that “then you’re going to see a Bitcoin price that’ll just blow right through my $250,000 estimate.”
On top of that, the billionaire also suggested that merchants will eventually need to integrate Bitcoin (BTC) as an available payment method in their businesses. He notes that credit card corporations such as Mastercard or Visa impose significant fees on most retailers. As a result, BTC's lower transaction fees might be extremely beneficial to retailers, unlike these major credit card companies.
According to some statistics, in-store credit card transactions can cost retailers up to 2.9%, whereas online operations up to 3.5% per purchase. Moreover, the average Bitcoin (BTC) transaction charge is $1.4 per purchase.
In addition, Draper also mentioned that today women control around 80% of retail spending and account for roughly 30% of all cryptocurrency holders in the US.
However, interestingly enough, a study conducted back in January revealed that only 40% of women have medium or high-level knowledge of cryptocurrencies.
