One of the main reasons behind the current Bitcoin bull rally is definitely PayPal. Dan Schulman, the CEO, thinks that people are trying to stir away from fiat money, especially after the recent coronavirus pandemic.
In a recent interview with CNBC Television, Dan Schulman was asked about the inherent value of Bitcoin. He replied by stating that all forms of money are based on trust. The use of cash has significantly declined after the pandemic, which means that a lot of people do not trust fiat money anymore.
This is also a big reason why Bitcoin and the entire crypto market are so bullish currently. Unfortunately, investors criticize PayPal because it will most likely not allow external deposits or withdrawals of crypto.
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