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02 December 2020

Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims

Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims


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Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims.

In a newly published report, 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.

According to Pantera, the data suggest that PayPal and Cash App combined are buying up all of the newly-issued Bitcoin.

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cointelegraph.com
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