BITCOIN IS ABOUT TO SKYROCKET — $2 TRILLION BITCOIN FORECAST

Bitcoin Price Update

Bitcoin has firmly sustained valuations above $10k since its 11% percent price jump in July. The only drops below were recorded in early September which quickly found buyer liquidity.

Demand-Side Developments — Publicly-Listed Firms Enter Bitcoin Market

The most bullish development of 2020 was certainly the entry of MicroStrategy to the Bitcoin market. The US Nasdaq-listed firm pumped $425 million into the Bitcoin market as an asset allocation strategy.

PayPal Supporting Cryptocurrency

The second most bullish development of 2020 is PayPal’s support for cryptocurrency. The e-payments giant announced that it will be rolling out buy, sell, and hold features for select cryptocurrencies over the coming weeks.

Bitcoin Market Cap Prospects

At the time of writing, the market cap of Bitcoin rests at roughly $254 billion. With a monstrous pool of corporate capital and PayPal account funds sitting on the sidelines, this market cap may be drastically pushed up over the next six months.

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VYSYN VENTURES

VYSYN VENTURES

VYSYN VENTURES is a premiere venture capital firm focused exclusively on blockchain technology and the digital currency ecosystem. www.vysyn.io / hello@vysyn.io