PYPL

Slyerz

Imagine if this boost both my crypto bags and my $PYPL stonk bags.

Just_M3nU

Only use for banks or can be for peasants too yah? Is Venmo/PYPL, AAPL PAY will get effected by this?

Life_Rub6905

Another reason for Bitcoin's price appreciation is its growing adoption as a payment method. Recently, PayPal (PYPL) announced that it would soon allow its users and merchants to buy, sell, hold, and accept Bitcoin and other cryptocurrencies as a form of payment. This news pushed Bitcoin's price higher immediately. PayPal has nearly 350 million users who will now have the ability to easily buy, store, and use Bitcoin. PayPal also has well over 20 million active merchants who can now accept the currency.

yldf

This is one of the posts where I’m completely baffled why it is so highly rated. Crypto prices are not driven by retail investors. It doesn’t matter if people have less money to spend on Christmas presents. The technology of the coins doesn’t matter, crypto isn’t bought because ETH announces a new features. It is a pure speculative asset right now without significant real-world use, with the market in the hands of pretty much one group: institutional investors. They decide if crypto goes up or down, or what it correlates with. Crypto was highly correlated with NDX for a very long time. Is there any fundamental reason for that? No, the big players simply made it so. There is no reason it should start to pump tomorrow. And there is no reason it shouldn’t. We have nothing to do with that. Big finance decides that, or more precisely their algorithms. There would be only one way to give crypto a fundamental reason to rise: widespread adoption. There are only two entities who can make that happen: governments (that would take a long time) or a handful of companies who have the ability to do it. The latter could go much faster, if they want to make it happen. Funnily, most of these companies are in NDX: AAPL, GOOG, AMZN, PYPL,…

Antarctica-1

Full article: Bloomberg has launched a suite of cryptocurrency data on its Terminal product, widely used by professional traders, in the latest sign that traditional finance is warming to crypto as institutional investors demand digital asset services. The financial information firm on Thursday began offering crypto price data for 50 digital assets on the Bloomberg terminal and Bloomberg Market Data Feed, or B-PIPE, consisting of real-time price rates and aggregated quotes of best bid and best ask. “Bloomberg takes a data-driven approach to helping our customers in the global institutional investor community as they define and develop their digital asset strategies,” Alex Wenham, Bloomberg’s digital assets product and strategy lead, said in a statement. Bloomberg’s source is Kaiko, a digital asset data firm that draws on more than 100 cryptocurrency exchanges and has access to more than 10 years of market data. Kaiko is a key supplier of data to the crypto industry, used by the asset manager CoinShares, the trading platform Paxos—which has partnerships with Mastercard (ticker: MA) and PayPal (PYPL)—and S&P Global Market Intelligence, among others. Kaiko also supplies data to regulators and central banks for their own research on crypto. “Historically, for many good reasons, Bloomberg was being very cautious about fully onboarding crypto data on the terminal—they didn’t want that to be seen as an endorsement of a space that was in the early years,” said Ambre Soubiran, Kaiko’s CEO. “Definitely this is driven by client demand. We’re seeing it and they’re seeing it and feeling it, and that’s what triggered them to act.” Bloomberg becomes only the latest stalwart of traditional finance that has made a push into offering crypto services—even if it seems like a bad time. The market capitalization of digital assets has crumbled from nearly $3 trillion at its peak in November 2021 to less than $1 trillion as risk-sensitive assets have sold off this year. Bitcoin prices have fallen 60% in 2022. Despite the crash in token prices—and retail investors heading for the hills—there are signs that the wider institutional adoption of crypto marches on. Venture capital spending is resilient across the space. “It’s clear to us that there is no slowdown in the level of institutional interest that want to enter the crypto ecosystem,” analysts led by Steven Alexopoulos at J.P. Morgan wrote in a note Wednesday, noting that Silvergate Capital (SI), a Federal Reserve member bank that bills itself as a crypto financial services hub, recently said it has more than 300 potential customers in various stages of setting up accounts. Investor demand for crypto services from custody to market data looks to have catalyzed traditional finance groups to build their own capacity. Last week, BNY Mellon (BK)—at 238 years old, the oldest U.S. bank—launched its own custody service to hold digital assets for institutional investors. “Institutional client demand is pushing infrastructure and market providers to make an actual move and not just acknowledge the fact that [crypto] exists,” said Soubiran.

chuck_portis

I'm talking about profitable companies. Ones with real PE ratios. Much harder to value unprofitable tech. Although, unprofitable tech has been absolutely massacred. Most names in that bracket are down 80%+ from highs. Look at some of these names' P/E ratio... ​ * $META: 11.2 (Previous all time low 17\~ at bottom of 2018) * $PYPL: 23.59 (Previous all time low 32.89 in 2017) * $NFLX: 16.19 (Previous all time low 16.66 in 2011) * $GOOG: 20.31 (Previous all time low 21.82 in 2019) Tons of names like this. Trading at all time lows in multiples. Still absolutely dominating their sectors. If some of these names dropped another 50%, you'd want to take out a second mortgage on your house to buy them. Another 50% down puts $GOOG at a PE of 10. $META below 6. These are companies that have grown revenue in 90-95% of all quarters on a YoY basis since their inception. A "recession" to them can mean going from 15% revenue growth to 5% for awhile. Whenever things normalize, these companies will continue go grow faster than the market.

ProteusXists

Bullshit, I can tell you at least 50 off the top of my head. I'll list just a few - VRM, PDD, ZM, DOCU, PYPL, SNAP, SQ, LCID, NKLA, INPX, GAN, LAZR, CLOV, GRWG, ZEPP, RIDE, SOLO, COIN, PSFE, ASTR, IREN, Every Cannabis stock etc etc all fell more from their highs than Bitcoin has. ​ There are wayyyyy more than that honestly. The stock market has without a single doubt been more brutal than Bitcoin. Especially with how easy it is to trade additional derivatives on these assets.

thematchalatte

This makes me less sad for bagholding PYPL

suninabox

[Falling up, up and away into oblivion](https://www.macrotrends.net/stocks/charts/PYPL/paypal-holdings/revenue)

Underrated321

TLDR: "The real exciting thing about digital currencies is what kind of utility can they provide in payments,” Schulman added. Meanwhile, PayPal (PYPL) offers a wide variety of crypto-related products and services to its customers, such as crypto trading on its Venmo app. In January, the company also explored creating its own stablecoin.

natures3

He also pushed the PYPL and FB ER. Lol

Confident_Elephant_4

That part does suck. At least today my SQ and COIN moved up with it and PYPL half as much.

coinfeeds-bot

tldr; Cryptocurrencies Order Reprints Print Article PayPal and Venmo, the company’s popular consumer payments app, are rolling out a new way to charge for cryptocurrency transactions. PayPal (ticker: PYPL) started allowing users to trade cryptocurrencies on its platform in early 2021, with Venmo following suit later in April 2021. Under the current payment system, PayPal and Venmo take a percentage... *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Xpertbasterd

Yeah not sure why the hype. Probably just because a lot of non crypto people will see it. PayPal had a superbowl commercial would people be excited and buying PYPL stock?? I wouldn't

realsapist

I disagree about china, but GL. PYPL and SQ are good buys down here

realsapist

lol yeah how did we all not know that snap, one of the most expensive ad tech companies out there, was undervalued by 60%? That's a pump that you short. All I am saying is the charts of chinese stocks are looking like a move higher while most equities seem to be leaving the distribution phase. Like what happened to PYPL and SQ. >US equities are fine yeah, they're fine, no one is arguing that. They can be fine and go down. They don't go up forever.

DukkhaHappens

As inflation continues to be a scourge in our society and economy, the fed will raise interest rates, and people will become more aware and cautious of just obnoxiously bubbled and overpriced things have become. In my opinion what happened to FB and PYPL will continue to happen to other stocks, and investments as well. These precipitous declines are just beginning; not ending. Where and when the madness stops? Who and what asset is next? Who knows?

maffdiver

I bought the PYPL dip. Will average down too.

NonkosherTruth

Sold my PYPL shares for a major loss, tossed the rest in BTC

rrk100

Not all companies are created equal — see: NFLX, PYPL.

T2LV

I’ve seen it where the stock plummets at the start of the presentation and then launches. There was a point when PYPL was up 10% only to drop by 10% by the end of AB

RealNicoSuave

This is just validation as an asset class. If all of the coverage by the big financial firms, partnerships with the big financial processors (VISA, PYPL and more) AND those shitty NBA arenas in LA and Miami

DankStew

Didn’t realize it was paywalled, here’s the article: Solana competes against Ethereum and other “Layer 1” blockchains as a platform for trading and launching digital assets, DeFi applications, and trading protocols. It’s thriving for NFTs, or non-fungible tokens. And since it launched in March 2020, it’s racked up more than $50 billion in transactions on its network, with $10 billion worth of crypto now locked on it, according to DeFi Llama.     What makes Solana so threatening to incumbent financial networks is its speed, cost, and scalability. The network is built on a “proof of stake” system that doesn’t require nearly as much computing power as the current version of Ethereum, which is built, like Bitcoin, on a “proof of work” consensus mechanism for validating transactions.   Solana can process an industry-leading 65,000 transactions per second, or TPS. (It is currently processing 1,954 transactions per second.) Its fees are minuscule—averaging just $0.00025 per transaction. And Solana says its scalability ensures that fees will remain at less than $0.01 per transaction for both developers and users. Ethereum, by contrast, is now so congested that it’s processing 16 transactions per second at an average cost of $14 per transaction, according to Etherscan.   Given its low cost, speed, and scalability, Solana “could become the Visa of the digital asset ecosystem,” said Alkesh Shah, head of digital asset strategy at Bank of America, in a note published on Tuesday.   Shah points out that Solana has introduced a “proof of history” algorithm and other innovations that could improve its performance and expand use-cases. More than 400 projects are being built on the network, including Serum, a high-frequency trading platform, and Metaplex, an app for creating and hosting NFT storefronts, he writes. A music-streaming platform, Audius, is also being built on Solana, enabling song owners to retain some ownership rights to their works, Shah notes.     Solana does face hurdles to widespread adoption. The network, managed by the Switzerland-based Solana Foundation, has suffered from some outages and performance issues. Its network is now less decentralized than Ethereum’s, and that could make it more vulnerable to security issues or hacks. Ethereum, moreover, has a vast lead. It’s the second-largest blockchain network after Bitcoin, with a token worth $397 billion at a recent price of $3,320 each. Ethereum is also the giant of DeFi trading and lending/borrowing, with more than $150 billion of value locked on its network. And its developers are planning a major upgrade, aiming to shift the network to a proof-of-stake consensus mechanism this year. That could sharply cut transaction fees and boost settlement times.   As Shah sees it, though, this isn’t a zero-sum game. Solana could thrive for microtransactions and NFTs, while Ethereum’s potentially more robust network could make it optimal for high-value transactions, identity, data storage, and supply-chain uses, he notes.     Investors do seem to be betting on Solana as a major rival. Its native token, SOL, is now worth $49 billion in market cap, surging 6,140% in the past 12 months from $2.50 to $156.   Visa (ticker: V), for its part, aims to be a player in crypto too. As Visa Chief Financial Officer Vasant Prabhu said in a recent interview with Barron’s, its network can handle 65,000 transactions per second. “True cryptos aren’t fast enough for purchase transactions,” he said. “The cost of doing a transaction using fiat currency on the Visa network is minuscule compared to the cost for Bitcoin and Ether.”   Visa also sees itself as connective tissue between banks, crypto trading, and custody platforms. “We’re trying to be the bridge not only between the fiat world and crypto, but even within the crypto world,” Prabhu said.   Solana, Ethereum, and others aim to build bridges connecting traditional payment and financial networks with the new decentralized world of blockchains. Investors who don’t want to pick sides should spread their bets across the players already in the system—like Visa, Mastercard (MA), PayPal Holdings (PYPL), and Block (SQ)—and the upstarts aiming to displace them by buying their tokens.

Infamous_Station_548

Would it make sense for $PYPL to make their stable coin, then use the $QNT network for payments on any blockchain? Wouldn't $PYPL be looking for the interoperability that $QNT can offer?

Mango2149

AAPL, MSFT, FB, AMZN, NVDA, CRM, GOOG, NFLX, AB, PYPL. How do you inside trade those? That's her portfolio big tech stocks.

80worf80

PYPL stockholders would allow that?

skat_in_the_hat

> People who say "buy the dip" on this subreddit are literally in it for themselves, they hope that people will see their hopium-titled thread and suddenly the market will go back to normal. I feel like you assume malice here. But instead, I think people are just sharing advice based on what THEY are doing. I buy the dip a little at a time. If it turns out to be a crash, great! I'll keep buying it as it goes down for weeks until its cost basis is 2-4% of my account. I obviously dont do this with garbage stocks, and im a long term holder. For example, PYPL and DIS. Sure they are red right now, but in a year they wont be.

jonnyxlee

We ain't hitting 100k without a spot etf lol, futures etf is cool I guess but also pretty whatever. Also we're still doing better than a lot of tech and fintech stocks (for now anyways), take a look at the sell offs on stocks like $PYPL and $SQ.

pipocaQuemada

Looking at the [pypl programming language popularity index](https://pypl.github.io/PYPL.html), Haskell's popularity has been pretty consistent for most of the last 15 years. It's not dying, like Perl, Ruby, Objective-C or PHP are. It's just followed the idea of "avoid (success at all costs)" and has just been humming along merrily in its small niche.

LingonberryNo23

PYPL plz to da moon

NotCoolNickname

TLDR: - PayPal Holdings (NASDAQ:PYPL) - Riot Blockchain (NASDAQ:RIOT) - JPMorgan Chase (NYSE:JPM) - CME Group (NASDAQ:CME) -Advanced Micro Devices (NASDAQ:AMD) -Coinbase Global (NASDAQ:COIN) -Silvergate Capital (NYSE:SI)

demomercury

Sell all the PYPL!

SmoothGoing

Holding some PYPL in Robinhood?

astockstonk

Centralized payment platforms like SQ and PYPL aren’t going anywhere unfortunately. They want to be a one stop shop of all digital payments, both cash and crypto

astockstonk

SQ, PYPL and the dreaded HOOD too

samcornwell

From the press release: 23 August, LONDON: PayPal (NASDAQ: PYPL) today announced the launch of a new service enabling its customers in the UK1 to buy, hold and sell cryptocurrency with PayPal. This new service starts rolling out this week.

plancks-constant71

As a UK user, bullish on $PYPL

Ill-Woodpecker1857

So Puts on SQ and PYPL - I'm in!

coinfeeds-bot

tldr; Ether's market cap is now higher than Paypal Holdings Inc (NASDAQ: PYPL), Bank of America Corp (NYSE: BAC), Adobe Inc., Nike Inc., Comcast Corporation (NASCAR: CMCSA), Pfitzer's (PFE) and Toyota (TM), according to Infinite Market Cap. This comes as proponents talk about Ether potentially overtaking Bitcoin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Throwaway4VPN

I agree but I've rarely seen such a sharp drop correlating to news. I hold $PYPL as expecting them to seriously boost crypto adoption.

Bayrand

I’m a software developer. C++ is common but is losing its popularity https://pypl.github.io/PYPL.html

nekomech

so you have changed your stance from your original claim that bitcoin rich assholes already own a majority stake in PYPL, V, GS, JPM to the idea that they could own it one day in the future. Sounds to me that you have zero evidence of your original claim (because it’s bullshit) and walking back tour statement by posting an article that says someone could theoretically in the future buy GS.

nekomech

your counter argument is copy pasting your previous comment? Bitcoiners do not hold a majority share in PYPL, JPM, V, GS. Your statement that these bitcoiners have influence these companies to be pro bitcoin due to share holder votes is a delusion. You are unable to prove otherwise. Posting misinformation that caters to the ego of bitcoin hodlers is not good for /r/Bitcoin. Hit me with that copy pasta again, gotta farm that karma on a 4 week old acct somehow.

nekomech

My original comment was summarized as: \>I reject your unsubstantiated claim that bitcoin rich assholes own a majority stake in $pypl, $v, $jpm, $gs. I see no evidence provided about the % stock ownership of PYPL, V, JPM, GS by Bitcoiners in your OP or any of your replies. You are unable to substantiate any of these claims: \>Ever wonder why Visa card, PayPal, JP morgan chase, Goldman Sachs, etc, are now all pro bitcoin after being so negative about it only a few years ago? It’s because the rich assholes in Bitcoin combined already bought out a majority share of their companies stocks, giving us the voting power to vote them into integrating Bitcoin into their companies. \>They’re buying up all the shares of the money companies first, anyone paying attention can see it. \>we Bitcoiners own more shares of their companies combined than they own themselves as a corporation. \>So yes, combined, we own a majority share of their companies with our individual accumulative decentralized ownership of their shares. \>While newbs are chatting about what shitcoin to buy, us whales are chatting about what company to buy a combined majority shares of to vote them into adopting and integrating Bitcoin. Your post is 100% speculation with no proof. On the bright side its a nice story loaded with confirmation bias for bitcoin hodlers.

nekomech

>So they don’t have shareholders that own large percentages of the companies that get to propose and vote on changes? I never claimed that shareholders don’t get voting rights. >Same with my Goldman Sachs shares, and a bunch more. This is how it works. We buy their stocks, we get a vote on what their companies we own shares of do or do not do. Yes, shareholders often get voting rights with common stock. My argument is that bitcoiners as a collective do NOT own a large enough amount of stock in these companies to influence the vote in a significant way. More below. >And the more stocks we buy over time, the more of a say we get. Like say voting for a pro Bitcoin bank president/or CEO over a Bitcoin hating bank president/or CEO. Hope this clears up why you have seen so many companies decide to onboard into Bitcoin with the support of a majority of their shareholders. You think that majority supporting shareholders are the old farts who owned those companies shares 5 or ten years ago? Nope, we bought those old assholes shares up and took their voting power with those purchases of their shares. Not sure if the CEO thing was a hypothetical example. The only CEO that was recently installed was the GS ceo back in October 2018 and he was appointed by the board. Which board members did the bitcoin collective vote into power prior to July 2018 to set this in motion? Dimon has been CEO of JPM since 2005, Dan Schulman has been Paypal CEO since 2015, and Alfred Kennedy Jr has been CEO since 2016. Bitcoin market cap in 2016 peaked at 15 billion or so, hardly enough wealth to accumulate enough shares in any of these companies to influence the outcome of a vote. It’s not even close - these companies had a combined market cap of 636 billion at the end of 2016, 42x the market cap of bitcoin. I assert that these CEO appointments of V, JPM and PYPL were not due to bitcoin holders swaying the vote. >They may be the largest single owner percentage of their companies shares, but as a group, we Bitcoiners own more shares of their companies combined than they own themselves as a corporation. Can you substantiate this claim? JPM owns $91 billion of their own stock. How much does the bitcoin collective own? Can you provide your method on how you calculated this? V owns $17 billion *before* $8 billion in buybacks in 2021 GS owns $87 billion of their own stock PYPL owns $10 billion of their own stock I think you are unable to provide any evidence that bitcoiners own over $213 billion in shares of PYPL, V, JPM, GS combined. >So yes, combined, we own a majority share of their companies with our individual accumulative decentralized ownership of their shares. Same as above, this is a bogus claim that you cannot back up. >While we may not be one organization holding our combined shares in one basket like them, we still vote as a group with our combined majority shares whenever it comes to a topic having to do with the companies choices regarding anything to do with Bitcoin. This is why you’ve seen them change their tune to Bitcoin. Their shareholders are voting them in the right direction, and those shareholders are everyday hodlers like you and me. How do you organize to vote as a single entity? Where do you meet online to vote together? I’d like to participate in this organization. >A true Bitcoiner doesn’t buy a stock for the tiny gains they get when compared to our Bitcoin gains. We buy a stock so we have a say in what we want the companies we own shares of to do when it comes to Bitcoin. Yes, a 4 week old account espousing what a true bitcoiner is.

Etony333

Here's how I'm starting my letter to the SEC. "Good day. I, a United States citizen, would like to address File Number SR-CboeBZX-2021-019. My responses to the questions you raised are as follows: 1. I do not believe that the proposed Trust and Shares would be susceptible to manipulation any more than any other ETF, and in fact, I believe it is far less susceptible. Unlike with commodities such as gold and oil, Bitcoin has a fixed, predictable supply. One new block is mined every 10 minutes on average, rewarding 6.25 BTC to whomever successfully mines the block, and a total of 21,000,000 BTC will exist. No more, no less. Being that Bitcoin is decentralized and that changes to the protocol cannot occur without overwhelming consensus, it is not possible for malicious actors to increase or decrease the amount of supply that exists. Granted, anyone can add or remove liquidity from order books, but Bitcoin has a market cap of hundreds of billions of dollars. It's heavily traded at all times. The risk of manipulation is thus minimal at best. In regards to the transparency of the Bitcoin market, it could not possibly be more transparent. Every on-chain transaction since the beginning of time is accessible by all. This makes Bitcoin absolutely, 100% suitable for an ETF. Those who want to can already hold things like GBTC shares or shares of companies like RIOT and MARA (as well as MSTR, TSLA, PYPL, et cetera). They loosely track the BTC spot price (some more than others), but investors are given additional volatility beyond that of the actual BTC price with these investments. A Bitcoin ETF would 100% solve this problem and protect investors."

bfeeny

Getting rid of debt is not the best move, especially with a super low interest mortgage. Leveraging the hell out of an asset like a house, getting cheap money, and then putting that to work is the best move. You can get a mortgage right now at 1.8-2.5% easy. You can throw money at BTC, NVDA, AMZN, PYPL, AAPL, whatever, and you are likely going to make a lot more than 2.5%……….and at the same time your house will potentially appreciate due to inflation anyways. It’s literally a no brained. There is no liquidation/margin call on your home. You just make the payments. 30 year mortgage? You don’t think <throw dart at any investment> is going to do better than 2.5% a year average over the next 30 years?

coinfeeds-bot

tldr; PayPal Holdings, Inc. (NASDAQ: PYPL) and Twitter (NYSE: TWTR) have taken advantage of this competition between coins and set standards for collaborations, thereby ensuring a level of quality in a space that is still unregulated and subject to frauds of various kinds. The Goldman Sachs Group is one of the best crypto stocks according to the 10 biggest Bitcoin predictions in 2021.{} *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

throwzaway226

F PYPL. Horrible customer service, “org chart” (employees cannot work with each other to solve problems so they just pass it back and forth while blaming the prior)

DenverNuggetz

Not OP, but I do invest in V, SQ, and PYPL....and the latter twos entry into the crypto space absolutely influenced those investments (I’d already been invested in V for a while)

Saik0Shinigami

> PayPal only confirms what a dirtbag he is. Ah yes, the other company that he got all sorts of publicity from even though he wasn't a part of it at all... https://en.wikipedia.org/wiki/PayPal >Early history >PayPal was originally established by Max Levchin, Peter Thiel, and Luke Nosek in December 1998 as Confinity,[11] a company that developed security software for handheld devices. It had no success with that business model, however, so switched its focus to a digital wallet.[12] The first version of the PayPal electronic payments system was launched in 1999.[13] >In March 2000, Confinity merged into X.com, an online banking company founded in January 1999 by Elon Musk.[14] Musk was optimistic about the future success of the money transfer business Confinity was developing.[15] Musk and Bill Harris, then-president and CEO of X.com, disagreed about the potential future success of the money transfer business and Harris left the company in May 2000.[16] In October of that year, Musk decided that X.com would terminate its other internet banking operations and focus on PayPal.[17] That same month, Elon Musk was replaced by Peter Thiel as CEO of X.com,[18] which was renamed PayPal in 2001 and went public in 2002.[19][20][21] PayPal's IPO listed under the ticker PYPL at $13 per share and generated over $61 million.[22] So he tried making his own variant... Failed... bought another company and merged them in. Disagreed with their ALREADY WORKING product that beat his... then got replaced out of it. Then the new guy got it on track and made it work... Elon was literally a road bump for them, he made that money out of other people's work. But for some reason he gets tons of credit for the nearly nothing he did there.

FunCryptographer4761

I don’t think SQ PYPL and micro won’t buy more and announce it before then

RobotRant

Cash App offers free, instant withdrawals of BTC to your HW wallet without a fiat holding period. And they pay the miner's fee... unlike RH & PYPL. Educate yourself & stop spreading disinformation.

thetraderlosesitall

Long $PYPL

Dwez1337

The news site looks kinda shad, so here is the content: *Ethereum (ETH), the world’s second-largest cryptocurrency in terms of market capitalization, has surpassed the psychologically crucial $3,000 mark as of press time late Sunday for the first time in its nearly six years of history. What Happened: The cryptocurrency backing the namesake blockchain platform has risen 2.7% over 24 hours to $3,021.67 at press time, giving it a market valuation of $349.4 billion. This market capitalization puts Ethereum ahead of companies like The Walt Disney Company (NYSE: DIS), and PayPal Technologies Inc. (NASDAQ: PYPL). Disney has a market valuation of $337.68 billion and PayPal has a market valuation of $308 billion, as per Friday’s close. Ethereum is now hovering around Bank of America Corp (NYSE: BAC), which has a market valuation of $349.66 billion.*

jazzyjff13

COIN / PYPL deal. Better for PYPL or COIN?

pumpkinsword

I'm very bullish on the ARK Fintech ETF (ARKF). A lot of the companies either own crypto or make it easier for people to do so (SQ, PYPL), have to do with the infrastructure/exchange (SI, COIN), or will benefit from blockchain technology and shifting financial services from regular banks to more innovative forms. I'm in for over 100 shares at this point.

atreyuthewarrior

WisdomTree Investments, VanEck Associates, Valkyrie Digital Assets, New York Digital Investment Group, Bitwise Asset Management, Galaxy Digital, Fidelity Investments, Grayscale (conversion from trust to ETF) and then there is JPMorgans BTC ETF Exposure Basket: MSTR; SQ; RIOT; NVDA; PYPL; AMD; TSM; ICE; CME; OSTK; SI.

pale_blue_dots

Doesn't give the most educated or charitable descriptions, but it's a pretty good start for people, especially on a platform as big as CNN online. It's rare you see anything other than Bitcoin mentioned, so it's pretty good from that perspective. It also mentions the recent adoption. >Meanwhile, major companies are jumping on the bandwagon: Tesla announced earlier this year that customers may buy vehicles with bitcoin. Digital payment platform Square (SQ) and PayPal (PYPL), which also owns transfer app Venmo, now also allow customers to use cryptos. >Ranked by their market capitalization in US dollars, the biggest cryptocurrencies in the world are bitcoin, Ethereum, Binance Coin, XRP and Tether, according to CoinMarketCap.

skelly240

From CNN 10 mins ago "Venmo, which is owned by PayPal (PYPL), said its more than 70 million customers can buy bitcoin, ethereum, litecoin and bitcoin cash for as little as $1."

MikeMiller8888

Lmao GBTC is a perfect play on “will the US approve a bitcoin ETF”. Because if they do, the discount vanishes. You also neglect the purpose of GBTC, which is an opportunity to hold a closely correlated bitcoin tracker within accounts that don’t let you purchase the crypto directly. No one is denying that holding bitcoin itself is superior to GBTC, but there’s a strong argument to be made that holding GBTC is much better than holding MSTR or SQ or PYPL or TSLA as a tracking stock. TLDR; GBTC is a bet on ETF approval of BTC in the US. Play that accordingly.

PM_ME_UR_ROUND_ASS

TLDR: PayPal Holdings Inc. PYPL, -0.73% announced Tuesday that its Venmo peer-to-peer payment platform has launched Crypto on Venmo, in which users can buy, hold and sell cryptocurrency with the app with as little as $1. PayPal's stock slipped 0.1% in premarket trading. Crypto on Venmo users will also be able to view cryptocurrency trends and access guides and videos to help answer commonly asked questions. _I'm a bot, and this is an auto-generated summary. Please always do your own research before investing in crypto. 🚀_

midtownoracle

TSLA, ARKK, BLK, ETHE, GBTC, MS, MSTR, PYPL, SPCE, SQ. Held since late December early January.

cash_schaak

i’ve been in stocks for over 4yrs been in crypto for 9months or so. i’ve liquidated or am liquidating all of my long hold dividend yeild era for DIA and other stable assets i can stake and earn %7% APY. i’m also vested in SNAP PYPL and do a lot of growth stock long term investing and swing trader. i was sloppy about 25/75 (crypto and digital assets/ stocks market) after BTC hit 63k and ETH ripped through that 2k ceiling and i’m now more like 30/70.

Hari_Seldon_1234

If they had banned buying/selling of stocks inc every company that has BTC such as TSLA, PYPL, etc. then I respect their consistent stance. Just take your business elsewhere. If all they have banned is buying of MSTR then it’s IMO arbitrary market manipulation in disguise. Take your money and flee away fast.

sorengard123

I don't disagree. It's taken me a while and a lot of reading to get comfortable with the whole concept of crypto. I've been a Vanguard investor for most of my life, i.e., passive index investing is the best long-term strategy, so I'm definitely outside my comfort zone. That said, I got into PYPL many years ago after meeting Peter Thiel who I thought was crazy but brilliant. Let's just say, I've done very well. I also very briefly worked for the current CFO of MicroStrategy at a previous employer. He is not a dumb guy. Like I tried to indicate in my bio, I don't really understand it crypto but I know there's something to it. Whether it's the block-chain technology as decentralized ledger (with crypto as a proxy for investing) or the need to protect assets from repressive regimes, there a demand for it. If you have a lot of free time, read the "PayPal Wars" by Eric Jackson. In a way Thiel's original vision for the company is very similar to crypto in that it is intended for seamless, global transactions unfettered or obstructed by governments. Just my $0.02 from a mediocre humanities professor.

yeti_man82

I agree, but at least crypto friendly stocks. TSLA, PYPL, SQ, V, MA are a few.

coinfeeds-bot

tldr; Bitcoin BTCUSD, +3.66% rose on the news PayPal Holdings PYPL, -2.22% is launching Checkout with Crypto, a new feature which allow users with cryptocurrency holdings to pay for goods and services. Bitcoin BTCUSD, +3.66% rose over 3%, and the other currencies PayPal is allowing -- Litecoin LTCUSD, +2.42%, Ethereum ETHUSD, +1.99% and Bitcoin Cash BCHUSD, +3.18% -- also rose. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

BITCOIN_FLIGHT_CLUB

I don’t believe Bitcoin will take a meaningful drop below 50% in any given month ever. The best advice I can give someone is to do the basic math. 50% from here is 30k, if that’s palatable, you shouldn’t be freaking out if it goes down that far. I don’t think 80% drawdowns will return ever again. The maximum loss ever in a month was less than 50% which was during the February fire sale. That’s on the back of a global liquidity crunch spurred into existence by pandemic lockdowns. This is the steep correction everyone fears. Best markets happen, their will be no super bear. Too much liquidity in the system vying for too few coins, GBTC, Canadian etfs, American etfs in the future, MSTR, SQ, PYPL, TSLA, etc. 2017 was the altcoin boom and institutional headfake. 2021 is an entirely different beast. Macro, halving, institutional treasury holdings, etc. They’re not going to just dump when it gets low. They’ll buy low, sell as it rises to keep their ratio, or asset valuations balanced. This will reduce volatility somewhat, and reduce the depths of low end moves. It’ll pull velocity from up moves, but likely not take the top down. I think you’re right that folks should be prepared to weather down days, weeks, or months, but the wild swings downwards are far behind us IMO.

Savik519

Energy consumption and ESG activist investors going after companies like TSLA/SQ/PYPL/etc who hold BTC. It doesn’t matter the facts, but the perception that BTC is “wasting” energy and destroying the earth.

tcharp01

I have been thinking this for a while. Bitcoin drops, PYPL drops, TSLA drops, market drops. I'm glad to see that I am not the only one wondering about this.

diarpiiiii

Some good candidates for crypto in the stock market this year seem, to me at least, like: - Coinbase at IPO (or the drop thereafter) - MicroStrategy (MSTR) - Square (SQ) - PayPal (PYPL) - BLOK - Tech/Fintech ETF - ARKF - Cathy Wood’s Fintech ETF - BLCN - NextGen Economy ETF - Riot - Blockchain Comany There are a few others, but these appear like the top choices for crypto-related investments in the stock market in 2021. Should be an interesting few months to see the industry grow, especially so if Apple goes further into blockchain technology and the integration of the crypto economy in their products

Altruistic_SPKL8R

Bitcoin has historically tracked gold but since late Jan 2021, the two assets have been diverging. Meaning investors could be moving from GLD to BTC. Large corporations like MSTR, TSLA, SQ, PYPL are adding BTC to their balance sheets for several reasons. In the current environment, stock valuations are too high since the government has been (artificially) propping up the market. Buying out another company could be disastrous. Buying back their own stock Is a sign of incompetence. The money could go to R&D or sit on cash in case theirs a bubble. Sitting in cash is an inflationary risk and buying bonds with no yield is a credit risk without a negative reward. They are thinking about what they need to do to get the best return on their invested capital. In terms of inflationary risk, they already lost 15% of it to money printing. Putting the money into bitcoin could be a hedge on their cash position (money they already lost). If they double on the investment in BTC they cover the inflation and add a valuable asset to their balance sheet. Now, with all the innovations being developed in the DeFi space, the network of value, generating opportunities for lending, borrowing, and stacking options for them and their clients. The Bitcoin risk to reward is asymmetrical. Bitcoin could eventually become the next global store of value replacing gold. Better utility as an asset. The scarcity keeps going up, where gold keeps getting mined and has storage, transportation, and divisibility limits. And a better hedge on the dollar.

robbiejmofo

Yep other investment stock plays like mining companies, services, and ETF’s - $MSTR, $SQ, $PYPL, $QBTC, $RIOT, $MARA, $HUTMF, $HVBTF, $ARBKF, $BTBT, $MOGO, $EBON, $SOS, $BFARF, $CLSK

dcbinkowski

Yes, I figured out a similar trick luckily before things got TOO pricey... But still about mid-uptrend a month ago... I've got a friend whose stupid ass backwards criminal 401K trading account will NOT permit her buy GBTC or ETHE... So the majority of her money cannot access the asset of a lifetime... Why let someone buy the best asset of the century after all? Let's "protect" them from those potential massive gains. So since she can't buy her Crypto exposure directly, we bought her the next best thing. The fish that SWALLOWED Bitcoin... RIOT, MARA, MSTR, SQ, PYPL. Square and Paypal may not end up as thrilling - and I already sold off a piece of RIOT after that parabolic move it just did - but keeping some of it too - it could go berzerk in the coming year... I call them Crypto Proxies. If you can't trade what you want in your 401K brokerage consider expsoure to the things that move along with crypto - because you CAN buy those...

MikeMiller8888

Even if they banned GBTC ownership you could get indirect exposure with MSTR, TSLA, SQ and PYPL.

Key-Cucumber-1919

You compared an apple to oranges and came to the conclusion that bananas are of fair value. If you are talking about the trading volume of crypto, why didn't you compare it to the trading volume of PYPL?