Square and PayPal may be the new whales in the crypto market as clients flock to buy bitcoin

www.cnbc.com/2020/11/24/square-and-paypal-emerge-as-whales-in-the-crypto-market-.html

  • PayPal and Square clients are buying most of the new bitcoin supply entering the market each day, according to analysis by Pantera Capital.
  • The fintech companies’ moves into crypto makes it easier for new investors to casually buy, versus opening up a dedicated cryptocurrency exchange account.
  • It adds to a number of factors helping bitcoin climb past $19,000 — including big-name investors like Paul Tudor Jones publicly backing the cryptocurrency.
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