Bitcoin Will Overtake Paypal’s Market Cap

According to the latest data, Bitcoin is very close to surpassing PayPal’s market cap for the first time.

According to a tweet by Udi Wertheimer, PayPal’s market cap is $70 billion, Bitcoin’s market cap has also reached almost $68 billion.

The symbolic conversion of values ​​is the result of Bitcoin’s SegWit in August.

Not only technological advances, but also the bull race in the Bitcoin market may be creating a positive demand cycle, Bloomberg added. Bitcoin crossing $4000 is the most popular news right now.

Justin Short, founder of the NOUS trading platform :

“People, Coinbase It raises the price based on a $100 million funding request from . That’s a lot of advertising budget. Every $1 million in the market creates a new demand. This increases the price of supply, which is limited by design.” said

Coinbase announced the closing of $100 million in series D last week, reaffirming its long-term plans to increase capacity by $1 billion.

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