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Today, @Square announced that it has purchased $50M in bitcoin. Square believes cryptocurrency is an instrument of economic empowerment and provides a way to participate in a global monetary system, which aligns with the company’s purpose. For more, visit https://t.co/HPhSMfVgac.
— Square IR (@SquareIR) October 8, 2020
BREAKING: Square has invested $50 million in Bitcoin and will hold the digital currency on their balance sheet.
Every corporation will eventually do this. @jack continuing to lead the way!
— Pomp 🌪 (@APompliano) October 8, 2020
It must be nice to be an airline CEO. You can recklessly engage in share buybacks to enrich yourself and when ur behavior catches up to u, np just tap the Fed & taxpayers. Capitalism without consequences is not capitalism. Exit into #Bitcoin #Defi #crypto https://t.co/b6XAszEn79
— Tyler Winklevoss (@tylerwinklevoss) October 8, 2020
Around $25b of capital needs to flow into Bitcoin to push it to $1T market cap, which will bring it into visibility as a major asset bucket.
Today $18.3b sits in USDT and USDC alone, that’s even if we ignore new participants preparing for their entry.
— Willy Woo (@woonomic) October 8, 2020
This is one of the few times in my Bitcoin career where the fundamentals (on-chain data and metrics from infrastructure players) are in moon mode, yet the market is not woke to it. They will be by 2021. This is an opportunity I’ve not seen since mid-2016.
— Willy Woo (@woonomic) October 7, 2020
I considered investing our treasury in fiat, bonds, stocks, swaps, index funds, options, real estate, commodities, precious metals, art, & intangibles before settling on #Bitcoin. It seems like the ideal long duration asset – I don’t understand why anyone would want to trade it.
— Michael Saylor (@michael_saylor) October 7, 2020
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