Tim Draper, a legendary investor and billionaire in Silicon Valley in the U.S., predicted, “The rally of cryptocurrency will come before stocks.”

“If stocks continue to fall, cryptocurrency speculators will leave the market, which will lead to a decline in value,” Tim Draper said in a special interview with Korea Economic TV. “But those who believe in cryptocurrency will start buying at this point.”

It is explained that investors’ faith in the future of cryptocurrency will prevent cryptocurrency investment from becoming speculative, and in addition to that, the market will rebound.

“The reason I like Bitcoin is because it’s a globally recognized asset and its record is perfect,” he said.

In particular, it is predicted that women will play a key role in raising cryptocurrency prices, including Bitcoin.

As for the reason, he said, “It is women who will bring about changes in Bitcoin,” and analyzed, “At least in the United States, women determine 80% of retail spending.”

It also made an optimistic outlook on Coinbase, a NASDAQ-listed company that is suffering from a slump in the cryptocurrency market.