BTC on Wall Street Journal Front Page

News • 2020/11/24 • by

In just two months, BTC rallied about 80%, and the top in the mainstream media is paying attention and discussing Bitcoin.

The adoption of Bitcoin by institutional investors has been a significant point of discussion on the Nov 23 issue. Billionaires from the wall street radio hosts and influential figures like Paul Tudor Jones and Stanley Druckenmiller are also showing support.

Major updates

Bitcoin attracts the attention of mainstream media.

Massive investment from influential people and top brand played a significant role.

Over 1.5 billion USD Bitcoin was traded on cash app in the 3rd quarter.

CEO reveals why PayPal is adopting Bitcoin

The vast investment from top brands and the new records BTC is making in the investment world have made the mainstream media see BTC's light. There is also more demand for retail investors, and the crypto asset can now be purchased from financial service companies.

In the report, Square Cash App also has $1.6 billion worth of BTC in the third quarter of the year. This is a drastic increase compared to the $555 million performance in 2019.

There has been an increase in PayPal Bitcoin trading, and the CEO of Paypal also sees adopting BTC as a crypto asset cool. The use of paper money is going down, and the transactions are now digital. This is more reason why BTC cannot be undermined.

Do you think BTC is now getting the attention it deserves? Share your thoughts.

Comments (6)

Guest

guxcman

6 years ago

good year for btc

visiblemoney

6 years ago

Very correct! BTC is getting attention that it deserves because it has forced wallet service outfit like PayPal to adopt it coupled with mass actions of institutional investors whose actions are impacting greatly on this current BTC price increases. On top of that, fiat usage is dropping low as crypto is gaining support.

godgrace1

6 years ago

Yes, BTC is now receiving the action it definitely deserves.

exodusab

6 years ago

As paper money slowly dissipates and disappears from how people are using transactions, central banks especially on the retail side will need to replace paper money with forms of digital fiat currency.