The Large Scale Interest
Payment service providers PayPal and Square have been buying up more Bitcoin on behalf of their users than roughly 900 bitcoins that are mined every day. And that’s not Eden main spurned of this cycles increasing demand.
For the first time we’ve see. Substantial institutional money take a large position in Bitcoin . Investment funds and privacy corporations and conservative companies like MassMutual have started to convert percentage of their paper money into Bitcoin.
MassMutual congested $100 million into Bitcoin. Microstrategy, a business intelligence software company converted their whole entire cash revenue into Bitcoin worth $2 billion.
The fiat money is unpredictable and scary when it comes to inflation and constant printing so it only makes sense to hedge against and outdated systems and to get on board with new challenger Bitcoin.
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