If all U.S. companies followed Square, $250 billion would enter Bitcoin
BTC $11,563 (+1.5%) • ETH $386 (+3%) • XRP $0.25 (-0.1%)
This past week, U.S. fintech giant Square made mainstream media headlines when it deployed $50 million worth of its cash to purchase Bitcoin. This represented approximately one percent of the $90 billion company’s total assets, reported sites like Bloomberg.
While a big move, there were some Bitcoin maximalists that criticized the one percent figure, mentioning that it was too small to make an impact in the increasingly-liquid crypto market. But as analysts later noted, if all companies followed Square’s lead, a massive wave of capital would enter the Bitcoin space, easily pushing it to all-time highs.
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Whilst the virtual conference space has been saturated in recent months, BlockDown Conference has consistently delivered the best content and is a must for any avid crypto enthusiast.
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