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Venture capitalist Tim Draper has invested in Bitcoin (Bitcoin) reaches a price of over $250,000, jumping over 1,400% from the current value of King Crypto.
In a new Bloomberg interview, Draper said, fuel Bitcoin rises to $250,000.
“The reason it’s over $250,000 is that it’s going to be a while before you can buy all your food, clothing, and housing with bitcoin.
Statistics I know women control 80% of retail spending. And it’s usually food, clothing, and shelter, and the only thing a woman has that used to be one-fourteenth her bitcoin wallet, now she’s one-sixth It is
Things will escalate quickly when women realize they can get discounts by paying with bitcoin, and when retailers realize they can double their profits by accepting bitcoin.
May, Prominent Venture Capitalist reasserted His prediction that Bitcoin will eventually hit the $250,000 price level.
In light of FTX’s high-profile implosion, Draper says that as an investor in the crypto space, his focus is on decentralized assets.
“As an industry player, I want to invest in decentralized things. I think there is a huge opportunity for things that look like decentralization opportunities, like DAOs (Decentralized Autonomous Organizations).
DAO will be extraordinary for mankind. They take us on an anthropological leap. i like them
I love what is happening with Bitcoin smart contracts. I think they’re very exciting because they’re going to be successful and we don’t need that many legal services.
Bitcoin is trading at 16,637 at the time of writing, down nearly 2% on the day.
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Featured image: Shutterstock/Emanuel Bustos
