The long-awaited Dec. 16 milestone follows a string of high-profile investors and financial firms jumping very publically into bitcoin. This includes Wall Street legends Stanley Druckenmiller and Paul Tudor Jones, Mexican billionaire Ricardo Salinas Pliego, and CNBC “Mad Money” host Jim Cramer, who have all revealed bitcoin investments this year.
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PayPal CEO Dan Schulman's customers may already be buying BTC faster than it is mined (Photo: PayPal)As customers buy more BTC than miners create, PayPal’s stock hits record high
Barely a month after the payments giant allowed U.S. customers to start buy bitcoin from their accounts, demand is outstripping the supply of new bitcoins
PayPal only began allowing U.S. customers to buy, sell, and hold bitcoin, ether, litecoin and bitcoin cash on Nov. 12. In 2021, it will expand that service to its whole 350 million strong international customer base, president and CEO Dan Schulman said. That will vastly expanding the number of potential mainstream retail investors.
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Markets Report: Bitcoin in fresh $19,500 rejection as “critical range” holds
Momentum is building but so far $20,000 resistance keeps Bitcoin bulls firmly in check during trading
Bitcoin continued to battle final resistance near $20,000 on December 15 as pressure between buyers and sellers rocked the market. Data from price trackers including CoinMarketCap and TradingView followed Bitcoin as it retested $19,500 resistance, only to receive another instant rejection.
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Bitcoin is gold 2.0, will dethrone gold within decade: Gemini’s Cameron Winklevoss
The Gemini exchange co-founder said that he expects Bitcoin to appreciate 25 to 30 times from the current price of $18,000 to $20,000, taking its market cap past gold’s $9 trillion
Winklevoss also said that the regulatory climate in the United States, most of Europe, and parts of Asia is “very pro-Bitcoin.”
