Square goes all in and invested $50 Million in Bitcoin.
As part of an investment strategy Square the company owned by Jack Dorsey (CEO of Twitter) has acquired more bitcoin to its portfolio.
This acquisition was bought with 1% of the company's assets.
We believe that Bitcoin has the potential to be a more ubiquitous currency in the future. As it grows in adoption, we intend to learn and participate in a disciplined way. For a company that is building products based on a more inclusive future, this investment is a step on the journey
—Amrita Ahuja, Square's CFO
This is a big move by big companies that will elevate Bitcoin even further and push it to break the next limit of 20K.
Just leaving a curiosity regarding Jack Dorsey Twitter bio where you can just see the word BITCOIN.
In my opinion, this will not be the last time we will see him acquire more bitcoin and push it to become mainstream.
The markets are already reacting and Bitcoin is already climbing. If this is not enough to believe 2021 will be an amazing year for bitcoin I don't know what more could be.
