Bitcoin Overtakes PayPal Market Cap, Sets Sights On VISA, Mastercard, And Big Banks Next

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Ever since news broke that PayPal would be supporting Bitcoin and other cryptocurrencies in the future, the price per BTC and the asset’s overall market cap has ballooned. And while PayPal’s support of the emerging financial tech is what started off the recent bullish impulse, the momentum has carried the top cryptocurrency’s market cap beyond the payments giant’s valuation itself. Next on Bitcoin’s list? VISA, Mastercard, JP Morgan Chase, gold, the dollar, and the rest of the financial world. Bitcoin Market Cap Now Bigger Than PayPal, Approaching VISA, Mastercard, and Major Banks Weeks ago, online payment pioneer PayPal announced it would offer support for buying, selling, and storing major cryptocurrencies Bitcoin, Litecoin, Ethereum, and Bitcoin Cash to its 346 million users. To put that into perspective, at the 21 million BTC or 84 million LTC supply cap, if every user wanted a Bitcoin or Litecoin, there would only be enough…

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