PayPal and Square Are Buying Every New Mined Bitcoin
How times have changed – from “the greatest scam in history” (from former PayPal CEO Bill Harris) to “BUY EVERY BITCOIN IN SIGHT!!!” in the present – now more than ever, hodl your Bitcoin!
PayPal and Square Are Buying Every New Mined Bitcoin… And More
“In a previous report, Pantera Capital estimated that Cash App was buying about 40% of all newly-issued bitcoins that miners put into circulation.
Adding this 40% bought by CashApp to the 70% that PayPal is buying reveals that both companies are getting 110% of all new Bitcoins, generating a shortage of 10% of all newly mined coins.”