PayPal, Square, Others Crucial In Driving Bitcoin 70% Higher in a Month

PayPal, Square, Others Crucial In Driving Bitcoin 70% Higher in a Month


According to Pantera Capital, one of the biggest funds in the crypto fund, the recent rally has been driven by the influx of retail investors buying Bitcoin. Per their projections, PayPal users alone may soon acquire more Bitcoin than there are being mined. Not only is retail interest in Bitcoin increasing, so is billionaire and celebrity interest in the cryptocurrency. Bitcoin Rally Predicated on Increase in Retail Volume: Pantera Capital

Bitcoin has seen a strong rally over the past few weeks that has brought it as high as $19,000. The coin currently trades for $18,800 as bulls attempt to determine which direction this market will move next.

According to Pantera Capital, one of the biggest funds in the crypto fund, the recent rally has been driven by the influx of retail investors buying Bitcoin. The firm’s co-CIO Dan Morehead wrote on the matter:

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“The bitcoin community is proud to have grown to 100 million users over twelve

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