PayPal’s Customers “Buy The Dip” As O’Leary Repeats: “It’s a Nothingburger”

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Last Updated on 14 January 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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Earlier this week we told you how entrepreneur Kim Dotcom declared that profit taking had started in the cryptosphere as most coins dropped by double digits. Whereas some newcomers to the cryptosphere may have been impressed by the 20 percent drop of Bitcoin’s price, any seasoned crypto investor knows that this is just another Monday.

In fact, those that have been around for a while seemed to profit as well and bought the dip as Bitcoin touched $30,000. Such was apparently the case for the clients of newest entrant into crypto, PayPal.

Advertentie.

$242 million in trades

Thanks to a new crypto-asset purchase offer which it had provided to its US customers, the Silicon Valley fintech company was able to see $242 million in crypto get traded on its platform. A new record.

Critics and pundits

On the other hand of the spectrum are still many critics of Bitcoin though, with none other more vocal than Kevin O’Leary, the Shark Tank star who still opposes the most famous cryptocurrency.

YouTube video

The colleague of Mark Cuban had invited Anthony Pompliano for a talk on his YouTube channel. Ultimate Bitcoin Bull Pompliano was still unable to convince Mr Wonderful O’Leary, with the latter declaring on CNBC after the bout that:

Bitcoin is a nothing-burger, a giant nothing-burger, because you don’t have every institution willing to play ball with it.

Just wait till it breaks $50k next. Let’s see what he says then. At least his buddy Mark Cuban seems to be coming round as of late. He even set a price target on Bitcoin in order for him to run for President in 2024.

Who know where Bitcoin will be trading by then.