Pornhub and PayPal - What are supporting the higer Bitcoin price the most?

[Obito]

Doubt if 100 million per year in transactions from pornhub could have any effect on Bitcoin price, PayPal, however is different, but it's not the reason behind these prices, reason is the trust which paypal helped to bring into the system, now people trust Bitcoin more than before.
Main reason however is the mass adoption, which we were waiting for a long time to happen.

That transaction will definitely be affected because some of those users might not be able to use Bitcoin to pay, there will still be those who are going to try and adapt to the new payment system but I don't think Pornhub or Paypal is the biggest contributor in making the Bitcoin prices rise. I would say that they introduced Bitcoin to a fresh crowd of people. Paypal is not bigger contributor than Pornhub nor any other crypto companies, remember that some Paypal users can't withdraw their cryptocurrency in their account which is bad publicity for them.

[Darker45]

Both of them are pushing the price of Bitcoin higher. But I guess neither of them is the primary driving force of Bitcoin's rally. They're large contributories, however, of course. But they're not the only institutional names which propelled Bitcoin's price upward.

In terms of which among the two made a stronger impact or influence in the price increase, I guess it is PayPal. Even if PayPal's new feature is limited only to users based in certain regions, the fact that PayPal is getting into the game made a very strong acknowledgment of the legitimacy of Bitcoin. It must have been interpreted as a sign that much better days are about to come.

[Sithara007]

Pornhub is nowhere near PayPal. Users who have opted for premium subscription with Pornhub numbers only a few million and we don't know how many of them made the payment using cryptocurrency. On the other hand, PayPal is having a registered user base of more than 300 million people. The latest rally almost matched with the news of adoption of Bitcoin by PayPal, to its platform.

[FinneysTrueVision]

PayPal is one of the biggest payment processors in the world. It makes sense that they would have a bigger impact. A Pornhub Premium subscription is not very expensive so their volume would be nowhere near PayPal's which allows thousands of dollars worth of crypto purchases.

[figmentofmyass]

Which of these two companies are the biggest driving factor to sustain these high prices? (It is rumored that Pornhub alone does about $100 000 000 worth of transactions per year)  

that's nothing. paypal did more bitcoin volume than that in a single day recently. on january 10th, they did over $200 million. https://twitter.com/AlexSaundersAU/status/1348806620050935809

i wish we could see how much paxos was holding in custody (is there a service that tracks that?) to confirm... but in my view, paypal's effect on the market blows pornhub outta the water.

paypal is turning out to be a huge avenue for retail investment, and that's who is driving the market exponentially higher---investors. not porn addicts paying for $10 subscriptions.

[bryant.coleman]

It is laughable to compare the two. PayPal adoption resulted in a massive bull run in the market, and the daily trading volumes went up by quite a lot as a result. PayPal is a mainstream business firm, unlike the case with Pornhub. I am not underestimating the impact from Pornhub, but the adoption by PayPal was like the breakthrough that Bitcoin was searching for so long.

[masyari]

Im not sure that pornhub really affected crypto prices. Reasons of recent bull run are in the institutionals and funds and not in the porno

[davis196]

It can be both Pornhub and PayPal affecting the BTC bull run,and it can be none of them at the same time.
I'm not quite sure that PayPal is buying real Bitcoins right now,since they don't allow BTC withdrawals.They could be just creating a centralized pseudo-BTC derivative and letting users to fall into the illusion of having "actual" Bitcoins.
On the other hand,Pornhub really uses cryptocurrencies in their business,but the porn industry is really competitive and the amount of free porn online is enormous.
I think that the company,that caused the BTC bull run is Grayscale.

[Kakmakr]

Ok... one positive thing is this... The bitcoins being used on Pornhub are tokens being used as a Currency and not as a Commodity as on PayPal. Also the bitcoins being stored in PayPal's database is more harmful than the bitcoins being used on-chain by people using Bitcoin as a Currency at Pornhub.

So, if I had a choice.. I would much rather have Pornhub as the driving factor.. because transactions done for Pornhub are actively generating miners fees and that is what Bitcoin need to succeed.  

[milani]

I guess Paypal will win over pornhub here, there's a lot of countries where pornhub is banned and I think this would have an effect on their average daily sales, not like Paypal that was worldwide adoption and they had tied up different merchants, only business or even offline.

I guess that is the biggest factor that helps bitcoin price boost in the market, as this year PayPal adds 21 million new active accounts in strong second quarter in a total of 346 million active users of Paypal, I can't imagine if all that users will support and do trading in Paypal will surely have an effect on the bitcoin price will I guess it will shake the whole market.

So Paypal here contributed a lot but we should be thankful also for this adult site that contribute awareness to most adults.

I would not make such a sure statement about PayPal's worldwide adoption, and we all know that they has started only, what the result of all these will be will see. And this Bitcoin is not that Bitcoin they use there that we know about. That is why the time will show how it will influence on the Bitcoin's price. There are too many nuances there in this story PayPal-Bitcoin. What about Pornhub service - it is easier to name countries and people who do not know about it than how many people watch those videos and at least heard the name of this website. But something tells me that it also will not have a really great impact on the Bitcoin's price, may be slightly yes somehow, but not substantially.

[lifeforcepools]

These companies have almost no influence on the price of bitcoin. The price directly depends on the investment.

[Sithara007]

These companies have almost no influence on the price of bitcoin. The price directly depends on the investment.

Yes. In the long term, the prices will depend upon the amount that is pumped for investment. But that is exactly what PayPal users are doing. PayPal BTC can't be currently used for making any payments. It can't even be withdrawn to any personal wallet. The only purpose of PayPal BTC right now is for investment. And the volumes have been huge. There are indications that the daily demand for BTC from the PayPal users stands higher than the fresh supply of mined Bitcoin. 

[btc78]

I wonder which of the two companies, PayPal or Pornhub are pushing the higher price the most? We all know Pornhub can only accept Crypto currencies as a payment option at the moment, because credit card companies and PayPal has stopped processing Pornhub transactions. (Also the other sites linked to Pornhub)

This question comes to my Mind , what is the reason behind this Stopping the transactions for Pornhub when they are now both Crypto accepting company ?

PayPal on the other hand, started to accept trading in bitcoins for selected customers... so they are also a major driving factor for the higher prices.

I don't think this can be consider as Big benefactor mate , because literally Paypal allows 'LIMITED COSTUMER " in which by all mean they are not fully operating in regards to trading matter, things that we knew the most attractive features of crypto using.

Which of these two companies are the biggest driving factor to sustain these high prices? (It is rumored that Pornhub alone does about $100 000 000 worth of transactions per year)  

I'm Sure Pornhub is far from that 100,000,000usd worth transaction per year , first reason is that Not all users know how to use bitcoin and even if they why would they risk the volatility when they can just pay using fiat of credit cards?

Porn lovers dont really engaged in Trading as they have different Views in system lol.

[emmybd]

Bitcoin hit an all-time new apex in history by reaching $40,000 and it’s still mounting higher. After flying past $20000 in less than a month, Bitcoin has raised many eyebrows. What may be the cause or causes of such a bound in value? Is it due to the fact that Pornhub has decided to use BTC as its primary money-exchanger or might there be more going on, behind the price hike?

Institutional buyers have been demanding BTC as a hedge against inflation because only 21 billion bitcoins can ever be created. Now purchases will be made using future contracts. Another reason may be because the U.S dollar has declined in its foreign exchange markets. It slid below 6.8% in 2020 and plummeted again this year. The Federal Reserve’s money-printing of more than $3 trillion is one reason for this decline and now after the U.S capital vandalizing, further repairment bills may be financed from the Reserve.