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Venture capitalist Tim Draper has doubled down on his Bitcoin price prediction of $250,000 by the end of this year or early next year. However, the billionaire explained why he expects the price of the king crypto (BTC) to soar past his estimate.
Draper explained: βWomen control about 80% of retail spending and retailers havenβt yet realized that they can save 2%, and they usually run on very thin margins so that might be like double their profits. They can save 2% just by accepting bitcoin instead of taking a bank-issued credit card. And that can change everything.
“All of a sudden. All the women will have Bitcoin wallets and they will be buying things with bitcoin and you are going to see a bitcoin price that will just go right through my $250,000 estimate.”
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Show Notes / News Resources:
β Bitcoin Technical Analysis:
β Kenya Embraces Bitcoin Miners:
β NY Pushes to Ban Bitcoin Mining:
β Tim Draper $250K Bitcoin Prediction:
π΄ DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make.ββββββββ Always do your own research and never invest what you cannot afford to lose.
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