There are many reasons behind bitcoin price increase but todays article I am going to tell some important.
Below are main reasons for increase in bitcoin price.
1-PAYPAL ANOUNNACED BITCOIN ACCEPTANCE:
Paypal has more than 40 millions active accounts Worldwide.
Recently, PayPal (PYPL) announced that it would soon allow its users and merchants to buy, sell, hold, and accept Bitcoin and other cryptocurrencies as a form of payment.
This news increase Bitcoin's price higher immediately. PayPal has nearly 350 million users who will now have the ability to easily buy, store, and use Bitcoin. PayPal also has well over 20 million active merchants who can now accept the Bitcoin currency
- Bitcoin (BTC) YTD: +111.66%
- Ethereum (ETH) YTD: +228.28%
- Ripple (XRP) YTD: +28.90%
- Bitcoin Cash (BCH) YTD: +31.91%
- S&P 500 YTD: +8.35%
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