The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Pantera, a well-known cryptocurrency and blockchain investment company, said that the recent entry of American payment company PayPal into the cryptocurrency market is the reason for the current surge in Bitcoin.

Pantera published a letter to investors on November 20, which compared the current bull market of Bitcoin with Bitcoin’s breakthrough of 1.3 three years ago.
The price is comparable to $80,000. The letter states: Previously, buying Bitcoin would have faced considerable resistance.

The content pointed out that compared with the current electronic payment giant PayPal, which allows millions of users to easily buy Bitcoin, Ethereum, Bitcoin Cash and Litecoin, it was quite difficult to buy Bitcoin in the past.

Indeed, all eligible PayPal account holders in the United States can now buy, hold and sell the above-mentioned cryptocurrencies, and the move comes earlier than PayPal originally expected due to strong consumer interest in the crypto market. In addition, the company also recently increased the weekly limit for cryptocurrency purchases from the initial $10,000 to $20,000.

Dan Pantera, the eponymous founder and CEO of the Pantera Fund, said: Big break! The results are already clear. When PayPal (a cryptocurrency buying and selling service) was launched, transaction volume began to explode.

Pantera said that PayPal has bought nearly 70% of the new supply of Bitcoin, and if combined with Square’s Cash
The app’s Bitcoin sales have consumed almost 100% of all newly mined Bitcoin supply.

After the implementation of the halving of mining rewards this year, the Bitcoin network now only mines an average of 6.25 Bitcoins every ten minutes. This mining volume will continue to decrease every four years until all 21 million Bitcoins are mined. circulation.

Pantera’s proposition is to focus on the supply side of the Bitcoin market, on the grounds that as the supply of Bitcoin decreases as mining rewards decrease, a natural increase in demand will lead to an increase in the price of Bitcoin. Pointed out in mind:

As other, larger financial institutions follow PayPal's lead, supply scarcity will become even more imbalanced. The only way to balance supply and demand is to achieve balance with higher prices.

On the other hand, according to a FORM D filing submitted to the U.S. Securities and Exchange Commission (SEC), Pantera Capital recently raised an additional $5 million from its Bitcoin fund, bringing the total funding to $134 million.

Pantera Bitcoin Fund, established in 2013, is the first fund in the United States to invest in Bitcoin. At the end of 2017, Pantera claimed in a letter to investors that the fund could achieve a return rate of 25,004%, mainly due to the bullish trend of Bitcoin that year.

but,
The recent performance of Pantera Venture Capital Fund compared with the S&P 500 Index is not satisfactory. Pantera Capital's return on funds raised in August 2013 and August 2014, calculated from its inception to September 2019, reached 46.5% and 15.9% respectively.

However, with the recent explosion of Bitcoin prices, the performance of the above funds may also improve. Bitcoin prices have risen by about 15% this year.