Sirwin
Sirwin

Jack Dorsey's Square buys $50m in Bitcoin

By lucasc | Crypto Thoughts | 9 Oct 2020


With the cryptocurrency giant Bitcoin hovering around the price point of $10,000 for months, it seems it has gained enough confidence that we are gaining another very big player! Jack Dorsey, co-founder of the social media site Twitter, is also the CEO of Square and Cashapp, and has a clear interest in the cryptocurrency space. Now, Square has just added nearly 5,000 bitcoin to its balance sheet.

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It's hardly a surprising move. Square's CashApp has been adding crypto features to their app and even doing large giveaways featuring Bitcoin on their Twitter account.

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Will this change the market for us? Many people speculate that this will set a hard low point for the price, and the only way we can go now is up! I think we have a good few months ahead of us. Do you like that idea? Tell me what you think in the comments! 

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lucasc
lucasc

Nodejs and Java Developer, learning blockchain.


Crypto Thoughts
Crypto Thoughts

My general ideas, thoughts of cryptocurrency and blockchain technology.

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