PayPal Buying up Bitcoin, Causing Scarcity: Pantera

2 mins
22 November 2020, 17:41 GMT+0000
Updated by James Hydzik
22 November 2020, 17:42 GMT+0000
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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BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.