The mass adoption of crypto is definitely unfolding, and there are various moves that are fielding it and the price of BTC as well.
Last month, the crypto space exploded when PayPal announced via a press release that they are launching a new service that;’s enabling users to buy, hold and sell crypto.
It’s also worth noting that not too long ago, the press release was updated: “We are pleased to announce that all eligible PayPal account holders in the U.S. can now buy, hold and sell cryptocurrency directly with PayPal. Download the PayPal app or log in to your account to learn more.”
PayPal CEO fuels mass crypto adoption
Now, PayPal CEO made a striking announcement:
CEO of PayPal, “We’re going to allow cryptocurrencies to be a funding source for any transaction happening on all 28 million of our merchants.” pic.twitter.com/Ol1kfZwK3S
— Blockfolio (@blockfolio) November 23, 2020
Binance’s Changpeng Zhao retweeted his bullish message:
— CZ Binance (@cz_binance) November 23, 2020
Previous BTC bull run suggests a $160k top
Bitcoin.com notes that Bloomberg Intelligence’s senior commodity strategist Mike McGlone addressed the price of Bitcoin these days and where’s it heading to.
During the report, McGlone said that within the next 1-2 years there’s a possibility that BTC could add another zero to the tail end of the price tag.
More Bitcoin maximalists also believe BTC could reach $100k or more.
The website mentioned above notes that on Sunday, Youtuber Colin Talks Crypto tweeted some patterns of Bitcoin bull runs.
This chart shows historically that peak to peak #bitcoin has been 37x & 17x.
Even if we assume the pattern continues & a decrease in multiplier occurs, it’s fair to expect an 8x increase from previous ATH.
— Colin Talks Crypto (@COLINTCRYPTO) November 22, 2020
At the moment of writing this article, BTC is trading in the green, and the coin is priced at $18,650.97.