The appearance of cryptocurrencies in PayPal could lead to a significant increase in their price
The excitement about cryptocurrencies has gradually faded away; ordinary people are no longer rushing to buy Bitcoin in the hope of a record rise in price.
Now this money option is used only by people who need to hide their income or by professional speculators.
The exchange rate of the most liquid cryptocurrencies has stabilized and has been moving within a certain price range for most of the time.
In order to change the situation, something outside the standard framework must happen.
And such an event happened: one of the largest payment systems, PayPal, announced that in 2021 it will provide its users with the opportunity to use cryptocurrencies.
PayPal clients will be able to not only exchange and store their cryptocurrencies in their personal accounts, but also pay with them at more than 26,000,000 merchants.
Well, the most important thing is that more than three hundred million users of the payment system will have the opportunity to carry out transactions with digital currencies without unnecessary hassle.
In essence, this is a huge step towards the legalization of the cryptocurrency market, and the popularization of this method of payment among law-abiding citizens.
What will happen after PayPal implements the ability to work with cryptocurrencies?
As you know, the digital money market also functions under the influence of supply and demand, and here 350 million new buyers will appear in crypto.
The appearance of this news has already led to a jump in Bitcoin by 15%, what will happen after the implementation of PayPal’s plans:
The same growth was observed for some other electronic currencies.
That is, we should prepare for the fact that in the first half of 2021, the cryptocurrency market will experience a huge leap, which will lead to an even greater increase in demand.
Now is an excellent opportunity for long-term investors and speculators to buy a portfolio of the most popular digital assets and wait for them to rise in price.
It is advisable to make a purchase in a couple of weeks, when the rates stabilize and the current price rolls back to around 10-11 thousand dollars per bitcoin.
Technically, this can be done both on specialized exchanges and directly on Forex , depending on which option best suits your needs.