Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively? BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?
I don't think that bitcoin's price would increase up to $20,000 after PayPal accepted cryptocurrencies to buy, sell, and shop with its network; even bitcoin has already reached its $13,000 price thanks to Paypal. It is still impossible for many people to be convinced to buy or invest their money in bitcoin because people have some issues with PayPal when it comes to making transactions, and they don't let us keep our private keys.