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Bloomberg was told by Tim Draper, a well-known billionaire who believes that Bitcoin could be worth $250,000.
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He also said that the stock could surpass these extremely bullish price targets.
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He explains in the video interview that it will take time for Bitcoin to purchase food, clothing, and shelter.
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Women account for 80% of retail spending. He stated, "When women see that they can get a discount using Bitcoin,
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And when retailers realize they can double their profits accepting Bitcoin, it's got to move quickly."
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He said the FTX crash was predictable as the platform was "very centralized."
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He stated that BTC is as good as decentralized.
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BTC currently trades at $16,730.90 and has a market cap of more than USD 321 billion.
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