Bitcoin fans develop into a political forceBitcoin's current rally is inseparable from the assists of the giants. On August 23, local time, the US payment giant PayPal announced the launch of a cryptocurrency service in the UK. Starting this week, it will allow UK customers to buy, hold and sell digital currencies. This action marks the first international expansion of PayPal's cryptocurrency service outside the United States, and the company first launched this type of service in the United States in October last year.
It's hilarious to see all these bitcoin fanatics hyping bitcoin as the antithesis of centralized payment processors, and the PayPal killer, and then subsequently cheering PayPal's adoption of crypto because it pushes the price higher. At the end of the day, relatively few people care about the tech. They just care about the gains, and they don't really care why it happens, as demonstrated perfectly here.