That's good news. Through Bitpay and Coinbase many companies accepted BTC. I think BTC will get more users.
But still, I don't think the price will rise because of this though BTC will get a good attention. They will probably dump BTC to get a currency they need. Correct me if I am wrong.
Kindly,
MZ
Well, I already thought that possibility, the problem is that when a merchant uses BitPay it don't even see the BTC, instead they are paid in fiat by BitPay. In a similar way when a merchant uses CoinBase probably will dump automatically the BTC for fiat... In other words, the merchants using these platforms are not really accepting BTC, they are not changing their minds about the way we use money.
So, as a result, if the volume of merchants using these solutions increase it will result in more "sell orders" of BTC on the exchanges this means the offer of BTC increase and if offer is more than demand the price will tend to drop.
We were very excited about this news because we though that this will be good for BTC but, maybe it will affect negatively the BTC instead.