Is PayPal's activity will give an effect on the market?? I think NO because PayPal is a centralized company and cant give any effect on the market. Except the company invests a huge amount of money in Bitcoin as Tesla Company do, so will make Bitcoin price pump and altcoin will follow it.
we are talking about paypal, a very large company with many customers around the world and which already has a reputation established for many years, even if it is centralized and also has some things that are not good, they have a worldwide reputation and just see their announcement last year was able to increase the price of bitcoin a lot, it shows that many people left behind the anger they had for paypal and realized that we need companies like paypal and visa and mastercard to support bitcoin for bitcoin to grow as a means of payment. we cannot spend years just doing hodl and trade, we have to use bitcoin as a means of payment and for that to happen it is necessary that big companies like paypal, Visa, mastercard and so many others support and encourage the use of bitcoin
it's good news.
I still don’t have the option to buy bitcoin in my paypal account, I don’t know what day they will enable this option