it was only november but the revelation of paypal are just last month . you call that long enough ? long supposed to be a year or over than than but payal is different . when we say paypal joins crypto , that wasnt just a hype that can die for some time but the effect is stapled .
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PayPal is no doubt has a large market across the US, since they allow users to buy and sell cryptocurrency on the platform, this had the predictable effect of instilling a lot of bullish sentiment among market participants, the result was an increase in the price of bitcoin from $11K to $13K and currently above $15K. Furthermore, it's not over yet, bitcoin should rise even higher when Paypal users will be able to shop at the 26 million merchants on its network using cryptocurrency in 2021.
Moreover, PayPal is exploring acquisitions of cryptocurrency companies. Nevertheless, it's not only PayPal which greatly affect the market, but the adoption from institutional investors that have been revealed purchasing bitcoin every quarter of 2020, not only in trust form but many investors accumulating physical bitcoin as well.