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PayPal Buying up Bitcoin, Causing Scarcity: Pantera
2 mins
By Harry Leeds
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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