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Proponents of digital assets say the recent rally isn’t another speculative frenzy among individual investors. They point to rising institutional interest, PayPal's decision to allow customers access to cryptocurrencies and the use of JPMorgan Chase & Co.’s JPM Coin to make a payment for the first time.
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“PayPal’s announcement will help to educate millions of people about the value of Bitcoin and digital assets to their lives, their wealth and freedom,” said Guy Hirsch, managing director of U.S. for the eToro trading platform. “We are very excited about the news and looking forward to seeing other major payments apps get into the space.”
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