ATH coming up?

[Ibian]

And anyway people have to buy the bitcoins to spend them. The coins spent on stuff through bitpay would have been sold anyway, this just helps everyone.

[TERA]

More merchant adoption = more exposure, more legitimacy, more people in the game, using, investing in, and having a reason to hodl coins , not necessarily the merchants themselves.

[sgbett]

And if he really invested also in bitcoin, do you think he would tell anyone?

 

I'd say it's a pretty big tell

[Siegfried]

I'm not sure how you're going to convince anyone that increased merchant adoption through BitPay won't help contribute positively to BTC price but good luck dude.

They're not directly related. Especially not through Bitpay, as their service is based on 100% BTC selling pressure. Because all their merchants are paid in fiat. Buying anything through Bitpay = selling BTC for fiat.

Who buys the BTC that Bitpay sells? People who then become the customers who buy things through Bitpay again. It is circular; the buying and selling pressure cancel each other out.

[Serge]

funny thing no one talks about that paypal has also invested in bitpay, somewhere around 2 million usd

[BitChick]

funny thing no one talks about that paypal has also invested in bitpay, somewhere around 2 million usd

That is good to know.