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?
in theory, it should be (
Bitcoin up to $ 20k due to the effect of this positive news), Bitcoin is a decentralized coin (
price changes occur due to the volume of demand that occurs in the market) if the Bitcoin price hasn't reached $ 20k it means the demand level hasn't "exploded". I think we better not force Bitcoin to be at the price $ 20k, let the price move to $ 20k naturally. I think till the end of the year Bitcoin won't reach $ 20k, most likely next year (
Bitcoin up to $ 20k and maybe more)..