The Market Reacts to Square’s $50M Bitcoin Buy


Reactions from Bitcoin Twitter and past as Sq. places 1% of its treasury property into bitcoin.

A particular breaking version of The Breakdown follows the market’s response to Square’s shock $50 million bitcoin funding. 

NLW breaks down the foundations for the funding, together with:

He additionally discusses the market’s response, from the (potential) connection to Coinbase’s “apolitical” stance from final week to the notion of Sq. deliberately setting a framework others can observe. 

Source link Coin Desk


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