October 9, 2020 General 388

Jack Dorsey’s Square purchases $50 million worth of bitcoinpermalink

  • Square, Twitter CEO Jack Dorsey’s payment company, has purchased $50 million worth of bitcoin.
  • The investment represents approximately 1% of Square’s total assets as of Q2 2020.
  • Square has become the second publicly-listed company after MicroStrategy to invest in bitcoin.

Every time the bored Twitter CEO, makes a statement on Bitcoin, I respond back with a chart. Apparently year 2017 had the happiest Christmas ever., when the value of Bitcoin reached an all-time high of $19650 as recorded on 15th Dec 2017. And exactly a year later on 15 Dec 2018 it dropped to $3183, I’d like everyone to draw their conclusions.

Unless Bitcoin becomes a commonly accepted utility, it will probably remain in this price range, as a volatile digital commodity.

TRON® is the leading and versatile freight forwarder in Pakistan, providing complete door to door coverage in Pakistan, North America, Europe, and Asia through our network of partner offices. Learn More.