Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Jacksoon99 on April 11, 2022, 05:50:14 PM
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(https://i.ibb.co/4VnYSXx/IMG-20220411-213157.jpg)
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"Crypto investment company Ark Invest founder Cathie Wood has dumped all of the firm’s holdings of PayPal and showed greater confidence in the long-term growth of the Cash App payment system which uses the Bitcoin (BTC) Lightning Network."
Source: https://cointelegraph.com/news/cathie-wood-s-ark-invest-dumps-paypal-favoring-bitcoin-friendly-cash-app
I am sure that Cathie Wood now really sees the sliver lining. PayPal is very traditional for many even if it is already into cryptocurrency as well...we need a better infrastructure to be servicing the many people which is slated to be coming in 2022 and beyond. Where the trend and the people are...so does the eyes of the investors especially the big whales.
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It's good news for crypto but why is still market dumping? That's strange and if it's only because of exchange manipulation to liquidate the long position then very soon we will see upward momentum to liquidate the short position too. But I hope BTC will respect 40k support and stay above that. But dumping without any negative news is a bad indication.
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why did the Founder of the crypto investment company Ark Invest, Kayu Cathi, make a change by selling all of his shares in PayPal to invest in a Cash Application payment system that uses the Bitcoin Lightning Network. if we look at the information circulating in the crypto news, it can be concluded that there are several problems, of course the most pronounced are;
"Venmo is currently one of the biggest players in the payments sector. The platform has around 70 million users, and the profit rate reaches $850 million. On the other hand, Cash App has 44 million users, but its profit rate is very high in 2021 at $2.03 billion. The significant difference in profits between these two companies may also influence Ark Invest to choose the Cash App." - https://id.bitcoinethereumnews.com -
so of course it is a very attractive advantage, the difference is quite large besides there are other things of course.
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The good news is that as Bitcoin investments grow, so will Bitcoin pumping.So I want bitcoin investment to be more.
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we must always learn by development all the time. and for that we must be able to read the trend so that we will get the profit we want. starting from the ico to the present metaverse, of course we must be able to read the opportunities until our money doubles, because the best developments are of course the trends that are happening. but must remember that in order to invest in new projects we must take into account the risks and diversify wisely