PayPal decided to enter the bitcoin market fiercely and bought 70 percent of all new digital coins and cryptocurrency almost a month ago, writes the ICTbusiness portal. When Square Cash's investment is added to that story, then the total is about one hundred percent. Or, to put it more simply, PayPal and Sqaure Cash bought all the “mined” bitcoins in early November. That alone speaks volumes about how much is expected in the near and distant future from bitcoin and its growth in value. Of course, when large and powerful companies make such an investment, it is a sign of seriousness in planning and a clear indication to all possible investors, but also bitcoin owners, that it is very worthwhile to deal with this cryptocurrency. Given that PayPal specializes in conducting transactions and shopping using many currencies, it somehow made sense for it to sooner or later embark on a bitcoin story, which it does. Namely, during October, a statement arrived from that platform stating that according to the new law, around 300 million of its active users will be able to use bitcoins when performing transactions. It was this announcement that “pushed” bitcoin from about $ 12,000 worth to $ 18,977 on November 20th. Currently, that cryptocurrency is worth more than $ 19,000 and it doesn’t look like it’s going to fall anytime soon, in fact. It may break even $ 20,000 in value and surpass the situation in December 2017. As far as individual investors are concerned, all this is not good news because 21 organizations in reserves have about $ 14.42 billion worth of bitcoin. That is, 832,351 bitcoin, or a total of four percent of all currently on the market.
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