23/06/2020
PayPal Bitcoin Rumour Boosts $12K BTC Price Rally Chances
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Bitcoin (BTC) coming to PayPal and Venmo may be just a rumour, but some of the cryptocurrency’s best-known names are turning bullish. As the news hit that the payment processor was allegedly planning crypto buying and selling for its 305 million users, BTC/USD spiked to test resistance at $9,600.
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Keiser: PayPal will fuel “global hash war”
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Despite PayPal declining to confirm its plans, a wave of optimism has since flooded social media, with various figures welcoming the move while highlighting its irony.
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“Slowly, then suddenly,” the Twitter account summarized.
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For RT host Max Keiser, the move appeared tied to competitive advantage. Square, the sister company of Twitter, rolled out Bitcoin support with great success last year.
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“Bitcoin’s built-in game theory strikes again. Paypal, seeing $SQ making a killing with BTC, is forced to take on BTC or suffer huge competitive consequences,” he tweeted.
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“Global Hash War is coming!”
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All eyes on $12,000 Bitcoin
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