- NFT artist Crypto Tea tweeted Bitcoin will hit $250,000 by 2023.
- The analyst repeated Tim Draper’s theory of women pushing Bitcoin’s price through retail shopping.
- Draper believes that corporate America will introduce a strategy to normalize Bitcoin to retain profits.
Bitcoin enthusiast and NFT artist Crypto Tea shared on Twitter that Bitcoin’s value will reach $250,000 by 2023 because of women. She continued to explain the reason behind the increase in price in a thread.
The Twitter influencer brings up Silicon Valley star Tim Draper while establishing his achievements. Draper invested in Tesla’s original founder and bought 26,600 BTC tokens in 2014 for $632 per coin. Moreover, he continues to buy Bitcoin and forecasts that the leading cryptocurrency will reach $250,000 in 2023 due to contributions from women globally.
Crypto Tea explains that businesses pay credit card companies a 2% fee for every transaction. Meanwhile, Bitcoin lightning offers a 0% fee for the receiver, alongside a minimal fraction of a penny for the sender.
She adds that Bitcoin is a currency that cannot be debased since it is digital. Therefore, Bitcoin allows corporations to save a 2% fee enabling higher exposure to cryptocurrency.
In addition, 80% of retail shopping is controlled by women. However, only 7% of women in the US currently own any form of cryptocurrency. In this scenario, Draper believes that corporate America will introduce a strategy to normalize Bitcoin to retain profits. The Twitter account highlighted:
To cut out credit card fees and banks, Corporate America will use mainstream media to orange pill women into using bitcoin.
The thread continues to emphasize that when politicians spend $10 trillion, it affects the value of the dollar for the local citizen. Similarly, when the Federal Reserve hikes interest rates, people lose money in investments.
Tim Draper regards this as “erratic,” mentioning that Bitcoin’s new supply will be halved in 1.25 as compared to the fiat currency. He said that every industry experiences a peak after which it drops. Nevertheless, there are great engineers who work on the product or service to “explode for years.”
According to the Silicon Valley investor, Bitcoin is currently being advanced and will soon blow up.