• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, August 10, 2022
Online Crypto College
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
Online Crypto College
No Result
View All Result

Billionaire Tim Draper On What Will Trigger The Next Bitcoin Bull Market

May 30, 2022
in Bitcoin
Reading Time: 3 mins read
A A
ShareShareShareShareShare

Related articles

Uniswap Price Falls Below $9 After It Met With A Sell-Off, What’s Next?

August 10, 2022

Cleanspark Acquires Plug-in-Ready Bitcoin Mining Facility With up to 86 MW of Capacity – Mining Bitcoin News

August 9, 2022

Bitcoin has been on a bear path given its recent movements and it’s no secret that the digital asset is well out of the bull market. This has sparked speculations as to what will actually trigger another bull rally for the pioneer cryptocurrency. Billionaire Tim Draper who has always been vocal when it comes to his thoughts about the crypto market has weighed in on this and put forward what he believes will be the defining factor for the next bitcoin bull market.

Women Are The Key

It is no surprise that more women are moving into the market. Even though males still disproportionately dominate crypto investing, the number of women moving into the space has been on the rise, reaching as high as one in every three investors now being a woman. Nevertheless, there is still a long way to go when it comes to bringing more women into crypto and billionaire Tim Draper believes that they will drive the next bitcoin rally.

Related Reading | Bitcoin Dominance Remains High As Market Sell-Offs Settle

Draper bases this on the fact that women command an immense purchasing power and if they were to bring this power into the bitcoin market, it will trigger another rally for the digital asset. He is not very far off with this assessment given that he said that women control approximately 80% of retail spending.

BTC recovers above $30,000 | Source: BTCUSD on TradingView.com

Women, who only currently make up 30% of all crypto investors in the United States, are still yet to move into the market en masse compared to their male counterparts, who by comparison possess less retail purchasing power. The factors behind this disparity usually come down to the fact that males are said to be risk-takers compared to women. Hence, are more comfortable playing in a relatively new space with little to no regulation.

Driving Bitcoin To $250K

Draper’s analysis of more women moving into the market could mean that bitcoin will hit new all-time highs. He puts forward where he believes that the price of the digital asset may end up and that number came out to $250,000.

Related Reading | Bearish Indicator: Is Bitcoin Headed For Its Ninth Red Weekly Close?

However, the billionaire explains another factor that will drive the price to this point. Alongside more adoption from women, he cites adoption from merchants who save more money when they accept bitcoin compared to credit cards.

He notes that once the cryptocurrency becomes more widely accepted as a form of payment, it will drive more women to own bitcoin wallets and buy things with BTC. “Then you’re going to see a Bitcoin price that’ll just blow right through my $250,000 estimate,” the billionaire added.

Featured image from Blockchain Journal, chart from TradingView.com

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… 


Credit: Source link

ShareTweetSendPinShare
Previous Post

The Fed’s Christopher Waller Wants 50 bps Rate Hikes Until Inflation Subsides, US Savings Data Plummets – Economics Bitcoin News

Next Post

We Have Hundreds of Blockchain Patents — But Regulation Won’t Allow Us to Engage in Crypto – Regulation Bitcoin News

Related Posts

Uniswap Price Falls Below $9 After It Met With A Sell-Off, What’s Next?

August 10, 2022

Uniswap price at the current moment has displayed a downward movement on its chart. The coin lost the $9 price...

Cleanspark Acquires Plug-in-Ready Bitcoin Mining Facility With up to 86 MW of Capacity – Mining Bitcoin News

August 9, 2022

On Tuesday, the bitcoin mining company Cleanspark announced it acquired a plug-in-ready bitcoin mining facility that is scalable to 86...

What The Impending “Triple Halvening” Means For The Future Of Ethereum

August 9, 2022

The Ethereum Merge draws closer with each passing day, and the anticipation in the market is palpable. There are a...

Ethereum Investors Close 300k Long Positions on Bitfinex, Rally To Stop Soon?

August 9, 2022

Data shows around 300k in ETHUSD long positions have been closed on the Bitfinex Ethereum futures market, something that could...

These Are the Crypto Economy’s 5 Most Expensive Assets per Unit in August 2022 – Markets and Prices Bitcoin News

August 9, 2022

On July 18, 2021, Bitcoin.com News researched the top five most expensive crypto assets and at that time there were...

Load More
Next Post

We Have Hundreds of Blockchain Patents — But Regulation Won't Allow Us to Engage in Crypto – Regulation Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CZ Binance Says Segregated Crypto Market Is Not Good For The Community

August 3, 2022

PwC crypto head sets up digital asset fund in Dubai

August 4, 2022

Cardano Price Moves Above $0.50, Is The Price Ready For Breakout?

August 8, 2022

Bitcoin sees minor sell off after US payroll data beats expectations

August 5, 2022

Understanding Both Sides Of The Crypto Coin

August 5, 2022

About Us

This is an online news portal that aims to provide the latest Crypto news, Altcoins, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Uniswap Price Falls Below $9 After It Met With A Sell-Off, What’s Next?
  • Iran Places First Official Import Order With Cryptocurrency Worth $10 Million – Regulation Bitcoin News
  • The future of social media and protecting user data in web3 w/ Lens Protocol and the Aave companies

Newsletter

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$22,863.00-4.38%
  • ethereumEthereum(ETH)$1,672.82-5.89%
  • tetherTether(USDT)$1.00-0.25%
  • usd-coinUSD Coin(USDC)$1.00-0.27%
  • binancecoinBNB(BNB)$316.28-2.85%
  • Binance USDBinance USD(BUSD)$1.00-0.21%
  • rippleXRP(XRP)$0.361177-4.81%
  • cardanoCardano(ADA)$0.51-5.01%
  • SolanaSolana(SOL)$39.34-7.72%
  • polkadotPolkadot(DOT)$8.66-6.26%
  • dogecoinDogecoin(DOGE)$0.068302-3.73%
  • AvalancheAvalanche(AVAX)$27.63-2.37%
  • daiDai(DAI)$1.00-0.13%
  • Lido Staked EtherLido Staked Ether(STETH)$1,615.01-6.17%
  • matic-networkPolygon(MATIC)$0.88-5.34%
  • tronTRON(TRX)$0.068389-3.18%
  • Shiba InuShiba Inu(SHIB)$0.000011-13.35%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,926.00-3.96%
  • ethereum-classicEthereum Classic(ETC)$37.08-2.63%
  • leo-tokenLEO Token(LEO)$4.942.76%
  • OKBOKB(OKB)$17.94-2.63%
  • litecoinLitecoin(LTC)$58.55-6.79%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.32-2.97%
  • FTXFTX(FTT)$29.32-6.96%
  • chainlinkChainlink(LINK)$8.44-3.47%
  • UniswapUniswap(UNI)$8.38-5.29%
  • CronosCronos(CRO)$0.144029-5.17%
  • cosmosCosmos Hub(ATOM)$10.82-9.59%
  • FlowFlow(FLOW)$2.94-4.91%
  • stellarStellar(XLM)$0.120468-0.65%
  • moneroMonero(XMR)$158.17-6.63%
  • bitcoin-cashBitcoin Cash(BCH)$132.70-7.93%
  • algorandAlgorand(ALGO)$0.342423-9.83%
  • vechainVeChain(VET)$0.029626-6.99%
  • ApeCoinApeCoin(APE)$6.85-7.50%
  • filecoinFilecoin(FIL)$7.98-9.18%
  • Internet ComputerInternet Computer(ICP)$7.75-6.98%
  • ChainChain(XCN)$0.0895221.86%
  • decentralandDecentraland(MANA)$1.02-7.68%
  • HederaHedera(HBAR)$0.074191-7.56%
  • The SandboxThe Sandbox(SAND)$1.28-6.43%
  • QuantQuant(QNT)$120.74-6.64%
  • tezosTezos(XTZ)$1.77-7.38%
  • Axie InfinityAxie Infinity(AXS)$17.39-7.01%
  • theta-tokenTheta Network(THETA)$1.51-7.54%
  • ElrondElrond(EGLD)$61.17-8.73%
  • FraxFrax(FRAX)$0.98-2.33%
  • AaveAave(AAVE)$97.18-6.05%
  • Lido DAOLido DAO(LDO)$2.24-3.82%
  • true-usdTrueUSD(TUSD)$1.00-0.15%