Is the Crypto Winter over?
It sure does feel like it. Big players like square is buying up crypto and is doing their part to push for mass adoption.
Square doubling down on BTC is massive news for crypto mass adoption.
While most only look at the $50 million of BTC bought, it is easy to miss what they also COULD be doing.
Knowing that Square is a credit card processor for many small merchants and artisans, linking with BTC puts them in a very advantageous position.
Given that many small businesses are using Square, it doesn't take much for square to turn their millions of square terminals into Bitcoin ATMs. Imagine going to your local donut store and turning your fiat into BTC alongside with your usual donut order. This could be a possibility as Square has the BTC in its treasury to carry it out, moreover it can easily give store owners a small cut of the transaction fees to carry out the Fiat to Crypto transaction.
This is gonna be massive.
Only time will tell.
It is only a matter of time before the flood gates open and more companies decide to have a stake in crypto.
Many people are already speculating the next sets of companies that will be buying crypto from TSLA to Google and Amazon. Imagine if FANG decides to move 1% of their assets to Crypto, that's gonna be a lot of buy pressure thus kicking off the next bull market season.
The next bull season is gonna be huge and you don't want to miss out on the coming bull run.