Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims

Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims

Bitcoin's supply crunch could be having a dramatic impact on price, according to Pantera Capital. PayPal’s entry into the cryptocurrency market could be having a dramatic impact on the Bitcoin (BTC) price. In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and that the majority of newly minted BTC is being scooped up by PayPal. PayPal’s new crypto service is “already having a huge impact,” Pantera claims, adding that the payment merchant is snatching up roughly 70% of all the new BTC in circulation.Citing....

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