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PayPal also does not need to hold the underlying assets. They can buy Bitcoin derivates instead of spot Bitcoin to maintain the reserves. Not sure if they are d
by miohtama 6y ago
PayPal also does not need to hold the underlying assets. They can buy Bitcoin derivates instead of spot Bitcoin to maintain the reserves. Not sure if they are doing this, though, but it could be more capital efficient.
- d--b 6y agoAt some point someone needs to sell the spot though...