BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?

[bigcash2011]

Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively?  BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?

Technically and fundamemtally bitcoin seems ready to break the 20k mark and as it is the previous high mark i think once btc breaks this price level it will be the start of new bull cycle, i am hopeful that next bull phase will be bigger than ever as it is coming with additional positivity of adoption and compliance.

[tvplus006]

For sure, btc is going to reach over 20k usd in midterm. It is something expected. And it is also good news that paypal is accepting bitcoin as a payment method. So bitcoin is going to be more popular now.

Even if there was no news from PayPal right now, bitcoin will still reach the price of 20 thousand dollars. In the case of PayPal, I think it's too bad that customers can't choose their own cryptocurrency seller and can only buy it from PayPal.

[Anonymous100]

Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively?  BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?

The price of BTC this year is increasing slowly. This is an interesting thing. It is possible that after PayPal accepts the payment system with BTC, the price of BTC will increase, but it will not reach $ 20k. If the price of BTC rises sharply, I'm afraid that something bad will happen, which means a dump will occur.

[Alohadanc3]

Yes for last few months the market conditions was really good. The whole market is growing bit by bit
 After bitmex and okex news we saw some drop but many good needed covered that gap. At this moment defi are in the hype and for that hype the investment are in stronger side. Then some big tech giants started to invest in btc and some big crypto currencies. So for these tech giants like square backed by Twitter or PayPal started to promote crypto currency and many new people come to the market. And market going strong. And bitcoin is showing some great move.

[sgenuine]

Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively?  BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?

Even if it does not happen, Bitcoin has all chances to reach 20 thousand again. I think that this time, BTC can even beat its own record and touch 21-22 thousand point. Meanwhile, a part of Bitcoins I have is regularly used for trading. Naturally, the largest part is for hodling.

[justdimin]

All this covid news around the world may make the situation worse, unfortunately. However, we still have a chance for a 15k+ price

But, the price is moving nice and steady now so I believe this is because of a lot of factors and even the virus is slowing down now if the news is to be trusted so I guess the economy has started to recover for every country and investments in bitcoins are now coming in.

The paypal news has certainly helped but I am sure if not even the Paypal news we would still see a rise as we always see at the end of year and yeah the price has started to increase sooner because usually the pump starts to happen around December mid or early December. I am hopeful the next year we can see at least 16k if not the ATH and hence 20k but that said I am not going to get too hopeful because the hike in prices are usually followed by small drops as traders call them correction.

[romero121]

All this covid news around the world may make the situation worse, unfortunately. However, we still have a chance for a 15k+ price

But, the price is moving nice and steady now so I believe this is because of a lot of factors and even the virus is slowing down now if the news is to be trusted so I guess the economy has started to recover for every country and investments in bitcoins are now coming in.

The paypal news has certainly helped but I am sure if not even the Paypal news we would still see a rise as we always see at the end of year and yeah the price has started to increase sooner because usually the pump starts to happen around December mid or early December. I am hopeful the next year we can see at least 16k if not the ATH and hence 20k but that said I am not going to get too hopeful because the hike in prices are usually followed by small drops as traders call them correction.

The virus isn't slowing down, everyday more new cases are getting reported than the previous day. The governments have begun to go normal without any form of restrictions as they weren't able to manage the economy. As a part governments have begun the plans of revealing data regarding corona cases with manipulation. This is why it looks like corona got slowed down.

Even at this worse situation we've been travelling good. This is the goodness of bitcoin, and the same can't be attributed with the PayPal and Venmo accepting bitcoin. Even in the past whenever there happens growth it automatically gets related with the news that rolls connecting a firm and bitcoin. From my view what we see is slow and steady growth. It could've been the impact of paypal if the price was found declining during the previous months of corona and started to grow on PayPal's decision.

[RealMalatesta]

What type of world did we became that bitcoin was a currency that was considered a payment option and not it is a currency that payment options use as an investment.

We are finally reaching to a point where satoshi was talking about why bitcoin is important, instead of thinking bitcoin like a thing that you use for sending money, we are finally seeing it as literally money itself. Don't get me wrong that method wasn't wrong neither, I have send and received tons of bitcoin in my time calculating everything in dollar before I do it, but that doesn't change the fact that bitcoin is money itself as well, you can say "10 dollars worth of bitcoin" but you could always say "selling it for 0.0004 bitcoin" as well and this is what paypal will be helping us with as well.

[Casdinyard]

Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively?  BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?

The price of BTC this year is increasing slowly. This is an interesting thing. It is possible that after PayPal accepts the payment system with BTC, the price of BTC will increase, but it will not reach $ 20k. If the price of BTC rises sharply, I'm afraid that something bad will happen, which means a dump will occur.

That is indeed something to be expected. The market price will not continuously increase, and dumps are more likely to occur in its market value after a huge price increase, which is sometes referred to as corrections. Things are not yet assured if I would be asked, and that is an enough reason to not be hasty with your actions regarding your investment. Many networks are now eyeing for this technology's adoption but being a third party network will not fully affect the market since transactions will be always needing fiat convertions. So maybe, further observations are advised.

[Mahanton]

Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively?  BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?

The price of BTC this year is increasing slowly. This is an interesting thing. It is possible that after PayPal accepts the payment system with BTC, the price of BTC will increase, but it will not reach $ 20k. If the price of BTC rises sharply, I'm afraid that something bad will happen, which means a dump will occur.

That is indeed something to be expected. The market price will not continuously increase, and dumps are more likely to occur in its market value after a huge price increase, which is sometes referred to as corrections. Things are not yet assured if I would be asked, and that is an enough reason to not be hasty with your actions regarding your investment. Many networks are now eyeing for this technology's adoption but being a third party network will not fully affect the market since transactions will be always needing fiat convertions. So maybe, further observations are advised.

People shouldnt really be caught up too much with the hype even though the entire market is on the positive side of things in talks to fundamentals but doesnt mean that we would really be shooting up that really fast.
Yeah we did really have some price increase but look at on where the price had stopped? Paypal had already integrated Bitcoin but it isnt really enough to boost it up upto higher levels but this is much better rather than having nothing at all and if Venmo will accept then we cant tell if it can give out some significant impact or not but if several companies will do the same thing then we can expect for some in the positive side but
talking precisely on breaking that 20k ATH barrier then that would really be always a questionable thing because this would surely a very bumpy ride to start on.

[Harlot]

What type of world did we became that bitcoin was a currency that was considered a payment option and not it is a currency that payment options use as an investment.

We are finally reaching to a point where satoshi was talking about why bitcoin is important, instead of thinking bitcoin like a thing that you use for sending money, we are finally seeing it as literally money itself. Don't get me wrong that method wasn't wrong neither, I have send and received tons of bitcoin in my time calculating everything in dollar before I do it, but that doesn't change the fact that bitcoin is money itself as well, you can say "10 dollars worth of bitcoin" but you could always say "selling it for 0.0004 bitcoin" as well and this is what paypal will be helping us with as well.

Bitcoin: A Peer-to-Peer Electronic Cash System

The title of Bitcoin's whitepaper says it all, Satoshi didn't directly said Bitcoin being a replacement for other fiat currencies but rather a payment solution where there is no middleman involve for their transactions. Aside from that where Bitcoin being viewed more as a investment rather than a currency is because it is in its nature to be one, since it is volatile and there is a big change in demand you can expect the volatility to be taken advantage by a lot of traders and investors which I don't think is a bad idea. People aside from using Bitcoin as a payment has seen it as some kind of hedge for their devaluing currencies or even as a safe haven when it comes to situations similar to this.

[Chrystora123]

Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively?  BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?

in theory, it should be (Bitcoin up to $ 20k due to the effect of this positive news), Bitcoin is a decentralized coin (price changes occur due to the volume of demand that occurs in the market) if the Bitcoin price hasn't reached $ 20k it means the demand level hasn't "exploded".  I think we better not force Bitcoin to be at the price $ 20k, let the price move to $ 20k naturally. I think till the end of the year Bitcoin won't reach $ 20k, most likely next year (Bitcoin up to $ 20k and maybe more)..

[shoreno]

Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively?  BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?

PayPal, Venmo accept payments in BTC, ETH are a positive condition but cannot help BTC reach $ 20,000. A year or perhaps a few years, the larger scale cryptocurrency payment system and the more stable world, BTC will have a new record.

the year is about the end but the price of btc are stuck at 14k usd range and the rest are dumping . it could be that theres no 20k usd that will happen this year but did they say a specific date to be able to reach that 20k usd ? no but it can be over a year or more than that to be able to achieve that high point .

stable world can be impossible because there will always be crisis and other problems that will be experience although the value of the local currency are more stable than crypto but i think that wont help

[carlisle1]

Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively?  BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?

$20,000 had been already passed years ago so if you are speculating for another hype this  must be 21,000 and up lol.
But in regards to PayPal adoption?Look at the market now,do you think that is enough to expect this Hype?
or maybe the situation is just starting the process since Cypto is New to PayPal and their users might searching and starting to learn about these market.
Maybe in months or year from this point we will see the effect and might bring us Great Pump that we have been waiting for almost 3 years now.

[peter0425]

Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively?  BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?

What i believe and saw is Bitcoin reached $20,000 even without PayPal on our side before so i believe that now Adoption from this Number 1 Payment method In america and some part of the world,Maybe we will be looking for much higher value of not only Bitcoin but all of the currencies that has been attached to this Merging .

[leea-1334]

in theory, it should be (Bitcoin up to $ 20k due to the effect of this positive news), Bitcoin is a decentralized coin (price changes occur due to the volume of demand that occurs in the market) if the Bitcoin price hasn't reached $ 20k it means the demand level hasn't "exploded".  I think we better not force Bitcoin to be at the price $ 20k, let the price move to $ 20k naturally. I think till the end of the year Bitcoin won't reach $ 20k, most likely next year (Bitcoin up to $ 20k and maybe more)..

Not necessarily,,, PayPal is only rolling it out in stages, and everyone has been capped at the moment. I think a lot of PayPal users who would like to have BTC already have it, this is just mainly targeting those who didn't feel bothered enough to go out of PayPal to get their own BTC. Still, long-term adoption effects can be expected.

[1l1l11ll1l]

Following PayPal information, Venmo allows payment of its services in BTC, ETH and a few other tokens, the price of BTC has increased sharply, sometimes surpassing $ 13,000 and is still holding at $ 12900. But why is the market reacting so positively?  BTC can reach $ 20000 after PayPal, Venmo accept payments in BTC, ETH?

$20,000 had been already passed years ago so if you are speculating for another hype this  must be 21,000 and up lol.
But in regards to PayPal adoption?Look at the market now,do you think that is enough to expect this Hype?
or maybe the situation is just starting the process since Cypto is New to PayPal and their users might searching and starting to learn about these market.
Maybe in months or year from this point we will see the effect and might bring us Great Pump that we have been waiting for almost 3 years now.

Maybe need sometimes to adjust the current situations. I think more about how paypal can affect other things, so paypal's influence will probably be visible when some big institutions follow it. that will make bitcoin really experience a good pump and not just because of the trend or hype

[hahay]

Without paypal, the bitcoin price will definitely exceed $20k, if it is related to paypal it can make bitcoin prices soar high, then at least there is no stagnant movement like now. This development is related to the acceptance of bitcoin on paypal that does have a positive impact but still, this is not a guarantee for bitcoin prices to reach 20k in a short time. So that when the bitcoin price reaches that value, it will definitely happen because the season will come and not about paypal.

[davinchi]

Payment processors using bitcoin as a gateaway is not something we would have expected during this incredibly high transaction fee period but it could be exactly what we want as well.

Right now, bitcoin and ethereum has huge transaction fees and that causes people to actually end up not having anything they would expect from transfers of money and there are so many people who got involved with crypto thinking it could be their way out but they didn't get involved with money, they wanted to earn and not invest, so when you start with high amount of transaction fee they are required to spend a bit which causes them to stop. With paypal and venmo and other things, they could earn without any fee and get paid which will increase the adoption of bitcoin a lot.

[Alohadanc3]

This is a very good time for this crypto space. This year we saw some good move from most of the token. And after paypal and twitter sponsered sqaure enter the market we saw some good move. And it's really needed that tech gaints with big reach enter this market and that's how we can reach to the mass. Plus us election also give some boost to bitcoin. Let's see in long term what the market goes. But in short or mid term range market perfrom well. That's it.