A digital currency will increase by 220 thousand dollars .. thanks to women

digital currency

Despite the gloomy expectations that the biggest digital currencies will fall below the levels of 10 thousand dollars, the main currency fell below the levels of 30 thousand dollars during the course of trading this May.

It seems that there are tycoons who see that Bitcoin will achieve great progress in the coming days, thanks to adoption cases and high inflation rates proven in world markets, in addition to the widespread adoption of Bitcoin by women in trading operations. .

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250 thousand dollars

Billionaire and famous business tycoon Tim Draper says he has doubled his forecast for Bitcoin by $ 250,000 in a given schedule.

Venture capital investor Tim Draper has reiterated his forecast that the price of Bitcoin (BTC) will explode in six figures over the coming months.

“By the end of this year or the beginning of next year,” Draper said in a new interview, bitcoin will reach $ 250,000.

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women cause

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

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

Draper added that 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 rise.

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Why women?

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

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

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

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NFT and DeFi signs

The billionaire investor also predicts that fixed assets (NFT) and decentralized finance (DeFi) will be adopted more institutionally in the coming months.

Tim Draper added, “What I have noticed is that technologies are being used first by consumers and as a result of this acquisition, organizations have begun to enter the process of adoption and incubation.”

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

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

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bitcoin tani

Bitcoin is trading higher at the moment below the levels of 30 thousand dollars and according to Draper forecast is expected to grow 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 40% range, while it has fallen from its historic peak during November 2021, when it reached levels close to $ 70,000 with more than $ 40,000.

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Less optimistic forecasts

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

The Guggenheim Foundation’s investment chief says Bitcoin could fall to the $ 8,000 level, which means a drop of more than 70% from current levels.

Speaking on the sidelines of the World Economic Forum, Scott Minerd added that Bitcoin’s continued decline below $ 30,000 makes expectations rise to the bottom.

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

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

Peter Schiff continued: “If this fails, the next stop is $ 30,000 and if this level fails, Bitcoin will fall below $ 10,000.”

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The article does not express a recommendation or appointment, but a simple monitoring of market fluctuations, as trading in digital currencies involves high risks, including the risk of losing part or all of the investment amount, knowing that it is not subject to fully financial. authorities and markets.

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