Novogratz calls PayPal’s Bitcoin news 'the shot heard around the world on Wall S

[Dociko]

PayPal coming to crypto is big news for adoption, says the investor. Galaxy Digital CEO and multi-millionaire Mike Novogratz recently hopped on CNBC Squawk Box for an interview, detailing the importance of PayPal's upcoming 2021 Bitcoin (BTC) launch.

"I think that's, in some ways, the shot heard around the world on Wall Street," Novogratz said in an Oct. 23 interview about PayPal's recent news. "PayPal has 346 million accounts," he said, adding: "They're the 30th biggest bank in the U.S. in deposits and all of a sudden every financial institution says, 'Wait a minute, what am I doing?'"

PayPal plans to add Bitcoin, Ethereum, Litecoin and Bitcoin Cash to its network sometime in 2021. Following the announcement of these plans, Bitcoin surged in price, ultimately overtaking the market cap of PayPal itself.
Details: https://cointelegraph.com/news/novogratz-calls-paypal-s-bitcoin-news-the-shot-heard-around-the-world-on-wall-street