{"id":116776,"date":"2020-11-21T00:33:05","date_gmt":"2020-11-20T21:33:05","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-shortage-is-real-and-paypal-is-the-cause-pantera-capital-claims\/"},"modified":"2020-11-21T00:33:05","modified_gmt":"2020-11-20T21:33:05","slug":"bitcoin-shortage-is-real-and-paypal-is-the-cause-pantera-capital-claims","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-shortage-is-real-and-paypal-is-the-cause-pantera-capital-claims\/","title":{"rendered":"# Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims"},"content":{"rendered":"<p>&#8220;<strong># Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>PayPal\u2019s entry into the cryptocurrency market could be having a dramatic impact on the Bitcoin (BTC) price.\u00a0<\/p>\n<p>In a newly published <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/panteracapital.medium.com\/bitcoin-shortage-172a9205dc0\">report<\/a>, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and that the majority of newly minted BTC is being scooped up by PayPal. <\/p>\n<p>PayPal\u2019s new crypto service is \u201calready having a huge impact,\u201d Pantera claims, adding that the payment merchant is snatching up roughly 70% of all the new BTC in circulation.<\/p>\n<p>Citing itBit data, Pantera claims:<\/p>\n<blockquote><p>\u201cWhen PayPal went live, volume started exploding. The increase in itBit volume implies that within four weeks of going live, PayPal is already buying almost 70% of the new supply of bitcoins.\u201d<\/p><\/blockquote>\n<p>According to Pantera, the data suggest that PayPal and Cash <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a> combined are buying up all of the newly-issued Bitcoin.<\/p>\n<p>Bitcoin\u2019s monetary policy is programmed to be deflationary over time. With widescale adoption, that leads to higher purchasing power and supply scarcity. Pantera claims it is the latter that is contributing to BTC\u2019s parabolic surge. <\/p>\n<p>PayPal launched its crypto trading services in the U.S. earlier this month, allowing customers to trade up to $20,000 a week. The platform will be rolled out globally in early 2021. <\/p>\n<p>The online payment merchant has 300 million active users, which makes its foray into digital currency a major stepping stone for adoption. <\/p>\n<p>Pantera says it\u2019s a lot easier to purchase Bitcoin now than it was during the last bull market in 2017. In addition to PayPal, retail onramps into Bitcoin and other digital currencies now include Cash App and Robinhood. <\/p>\n<p>Wider adoption means the digital currency is more likely to sustain higher price levels. Although Bitcoin remains highly volatile, it carved out an unusually long period of <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/billybambrough\/2020\/07\/27\/bitcoin-just-suddenly-surged-toward-12000-but-now-might-not-be-the-time-to-buy-heres-why\/?sh=7c36ba8a7bec\">stability<\/a> before catapulting higher over the past two months. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/90baaa73-d52f-47d1-bb12-c53dce8fa289.jpg\"><figcaption style=\"text-align: center;\"><em>Bitcoin price chart by Cointelegraph<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-shortage-is-real-and-paypal-is-the-cause-pantera-capital-claims\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims &#8221; PayPal\u2019s entry into the cryptocurrency market could be having a dramatic impact on the Bitcoin (BTC) price.\u00a0 In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":116777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/2d7a1ef8-6ed7-4b46-bd70-9924971a964e.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74899,76276,76574,74927],"class_list":["post-116776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-adoption","tag-bitcoin-payments","tag-paypal","tag-square"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/116776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=116776"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/116776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/116777"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=116776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=116776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=116776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}