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PayPal Buying up Bitcoin, Causing Scarcity: Pantera

2 mins
Updated by James Hydzik
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In Brief

  • Bitcoin (BTC) has seen a a rapid rise in price
  • Pantera capital, an investment firm, credits scarcity with driving the price dynamic
  • The firm says that PayPal and Square have been buying up BTC faster than it is mined
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Harry Leeds
Harry Leeds is a writer, editor, and journalist who spent much time in the former USSR covering food, cryptocurrencies, and healthcare. He also translates poetry and edits the literary magazine mumbermag.me.
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