Paypal, the first of many mega corporations to enter the space of crypto-currencies. When the financial institutions buy into this new asset class, we shall see the beginning of a multi-year mega bull run. All fueled by their huge amounts of cash waiting to enter into the crypto market.

PayPal is emerging as a big player and big buy on the Bitcoin market. The payment company is offering clients the ability to buy and sell cryptocurrencies, with PayPal’s product launching a couple of weeks ago. The company is essentially buying Bitcoin and then selling it to its customers. PayPal CEO Dan Schulman joins “Squawk Box” to discuss.

Please follow and like us: