According to Pantera Capital, one of the biggest funds in the crypto fund, the recent rally has been driven by the influx of retail investors buying Bitcoin.
Per their projections, PayPal users alone may soon acquire more Bitcoin than there are being mined.
Not only is retail interest in Bitcoin increasing, so is billionaire and celebrity interest in the cryptocurrency.
Bitcoin has seen a strong rally over the past few weeks that has brought it as high as $19,000. The coin currently trades for $18,800 as bulls attempt to determine which direction this market will move next.