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 –Â 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.”
https://cryptopotato.com/paypal-square-buying-every-mined-bitcoin/