Demand for Bitcoin is growing high amid tightened supply
The amount of illiquid Bitcoin supply in the network has grown more than the circulating supply since 2017.
The amount of illiquid Bitcoin supply in the network has grown more than the circulating supply since 2017.
There are now more than 94,000 Bitcoin addresses holding at least $1 million worth of BTC.
This follows a week of exciting news including the world's most valuable car maker, Tesla accepting Bitcoin for future payments.
PayPal had an addition of 16 million in net new active accounts and processed $277 billion in total payment volume.
PayPal and Square are making strong statements on the financial ecosystem of the world's largest economy.
Stripe Inc is partnering with American elite banks in offering corporate-banking services to its merchants and vendors.
PayPal CEO, Mr. Schulman recently hinted the company will allow the usage of crypto funding for 28 million merchants.
Institutional investors are largely responsible for the massive bullish trend presently playing out in the crypto market.
As more and more people begin to understand cryptocurrency as profitable investment outlets, many traditional investments may suffer huge withdrawals.
PayPal allows its millions of users in the US to purchase sell and store Ethereum, Bitcoin Cash, Bitcoin and Litecoin.