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Bitcoin News Alerts | Daily BTC News

947: BILLIONAIRE VENTURE CAPITALIST TIM DRAPER EXPLAINS WHY BITCOIN WILL SOAR PAST $250K THIS YEAR!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 3 June 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

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: “Women control about 80% of retail spending and retailers haven’t 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." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:59.7

In today's show, Bitcoin bounces to $30,700 as analyst presents Stock the Flow, Bitcoin price model rehash, as Juryan Timmer, the director of global macro of fidelity, shares here, is time for a fresh take on Bitcoin

1:12.8

on Bitcoin supply and demand dynamics. Also in today's show, I'll be breaking down the latest technical

1:16.5

analysis. As crypto, Tony shares here, Bitcoin update. I was stopped out last night on my scalp.

1:21.8

And now I look for the next scalp. My main focus is to fill some more macro bids between $24 and $22,000. However, I will look for a scalp

1:29.2

long if we see a break of that trend line and retests. And as Stacey Herbert shares here, Bitcoin

1:34.5

plus Bucle equals boom times for El Salvador, the best rebrand in history is paying off. Big time,

1:40.5

El Salvador saw 165% increase in tourist numbers in the first quarter of 2022 versus

1:46.0

2021. This is $117.1 million in additional revenue. Also breaking news just in, Kenya's largest

1:53.5

electricity producer has offered its energy surplus to Bitcoin miners. That's right, the

1:58.5

country's main electricity producer has issued a general

2:01.1

invite for Bitcoin miners looking to take advantage of its renewable energy facility near its

2:05.9

capital, Nairobi. Also more breaking news, Bitcoin miner Bit Zero announced they are building a

2:11.3

$500 million facility in North Dakota, as well as more breaking news. New York banned Bitcoin

2:16.7

mining, while city government

2:18.1

in Texas is mining, some embrace innovation. Others push it away. And quoting Pompeiano,

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