How Paypal has helped Bitcoin Boom

How Paypal has helped Bitcoin Boom

By Ttempo | Ttempo | 22 Nov 2020


 

We have seen Bitcoin’s price moon since the US election and it is close to the record highs of 2017, at the moment trading at $18,200.

Not only has the stimulus package helped the run-up to almost previous highs, it has also been helped by the halvening and another recent highly talked about topic; Paypal.

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On the 21st of October, Paypal announced the launch of their Bitcoin offering to the public and there was a spike in the announcement. At the time, Bitcoin was trading just below $12,000 and in a month, the price has ballooned 52.86%.

 

Price movement in the last month since Paypal announcement

 

The announcement came at a crucial time, at a time where Paypal has customers who have gone through the KYC process and are ready to invest straight away.

The growth can’t be simply a coincidence and Paypal has also confirmed it will not charge any fees on their Bitcoin offering. These are exciting times indeed. 

 

 

 

 

 



Ttempo
Ttempo

A blog on Cryptocurrencies, current events affecting the crypto prices and future movements in the space.

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