October 9, 2020 General 388

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

www.theblockcrypto.com
  • 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.

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