Can't deny paypal, the main reason behind the recent pump of bitcoin and revived the user's hope that is about to lost on bitvoin.its true that the price was unable to stay long upto $13k, but the fact is, finally bitcoin pump the biggest high in this year.don't know what is waiting at end of this year.but already bitcoin start improving and i think, bitcoin will go back to the highest peak of mountain $20k even more.
Getting that Paypal is a huge deal in bitcoin, a lot of Paypal users could potentially be investors in cryptocurrency when it is available for buying and selling.
Well, I am afraid that this will happen but for sure most paypal users know how bitcoin will works. If I were one of the paypal users and I want to buy bitcoin. I will not use paypal, you can't hold your bitcoin as you have ownership. Paypal will the only one who controls your bitcoin.
We now have stability in the $13k range on the market and did not even continue rising. Perhaps, most of the investors have been quickly cutting their profit once they know that bitcoin was pumped too much with a day. However, a presidential election was near to come, I hope this will not give a negative impact on bitcoin.
Surely users like us would not gonna put our bitcoin in Paypal that is just like a custodial wallet that you don't have control, especially if you have a big amount of funds.
Most of us would prefer a wallet that has a private key but still getting Paypal would give bitcoin potential investors.
Thinking about the Presidential Election, that could potentially affect the market but I'm not sure if the cryptocurrency market is gonna be affected. Last time we see a movement from the value of USD.