The use of Bitcoin as a payment tool by Paypal has been welcomed by the markets. The process is not yet open to global users, but due to the requirements of Paypal's BitLicence license from New York, the company has to own one-to-one real Bitcoin for every Bitcoin its users buy. Paypal, which makes this obligation through the itBit Exchange, seems to have increased the volume considerably.

The high volume of the itBit exchange will have caught the attention of Pantera Capital, Pantera Capital Company, who conducted a research on this issue, stated that the reason for the new price increase was due to the lack of Bitcoin on a large scale, and that about 70% of the newly produced Bitcoins were seized by PayPal. This situation can be interpreted as Bitcoin may have started to gain a place for itself, especially against gold and dollars. In fact, all these things can confront us with the Bitcoin scarcity.

When we look at the Bitcoin price history, we see that the annual lowest prices are as follows:

• 2012: $ 4
• 2013: $ 65
• 2014: $ 200
• 2015: $ 185
• 2016: $ 365
• 2017: $ 780
• 2018: $ 3200
• 2019: $ 3350
• 2020: $ 4000

Prices rise rapidly, then a collapse occurs. However, this collapse still prevents prices from dropping further from their lowest level in the previous year. The main reason for this is that new players join the game in every rapid rise. Although not every new player understands what Bitcoin means at first, they continue to establish a connection with Bitcoin and keep it. The case of Companies such as PayPal, Robinhood and Cash App are eagerly need Bitcoin makes us think that we are closer every day than before to Bitcoin scarcity.

Nowadays, companies like PayPal, Cash App, and Robinhood, as well as shopping sites that understand what Bitcoin means, are already offering their customers the opportunity to shop with Bitcoin. Due to these increasing prices, it seems that especially early acting shopping sites will start to make big profits due to both sales profits and prices.

However, the days when prices will lose their volatility have not come yet. I believe companies such as Paypal, Cash App, and Robinhood will continue to trade with Bitcoin and they will take us to these points. However, it is an undeniable fact that these movements may confront us with the Bitcoin scarcity in the near future.