Post
Topic
Board Bitcoin Discussion
Re: Bitcoin broke $13k today
by
Coin-1
on 26/10/2020, 02:55:24 UTC
~snip~
Most of us would prefer a wallet that has a private key but still getting Paypal would give bitcoin potential investors.
No, they will not. Potential investors of bitcoin will not happen on paypal.
Paypal won't let you move your bitcoin even if you have the same paypal users. But let say thanks to Paypal, people are talking about this, and obviously, paypal this could be ignited and trigger their knowledge to buy bitcoin, but not on the Paypal account.

In my opinion, PayPal will take the right step towards the mass adoption of Bitcoin (and 3 more altcoins) in early 2021. I'm almost sure a lot of customers will buy a Bitcoin pegged asset backed by the company as an investment, because many people are aware of the next mining reward halving which is likely to positively impact on the BTC price in 2023-2024.

I also heard that PayPal plans to partner with Paxful which has strong security system. Buying a PayPal Bitcoin related asset will trigger a buy deal in the cryptocurrency market.

I'm glad to see that Bitcoin has crossed a $13K threshold again due to recent good news.