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❕NEWS Square buys more Bitcoin

AudraMiller

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The company that is known as squares, has once again made another huge purchase of Bitcoin, purchasing 170 million dollars in Bitcoin. This is another huge investment, and could contribute greatly to another Bitcoin price increase in my opinion, although the amount is not as high as the investment made by Tesla. In a recent statement the CFO of Squares says that there is a lot of potential when it comes to Bitcoin, and at the end of the day, it is likely that this will become the currency of the internet. Do you agree with him? It seems that more companies are starting to now think along these lines.
 

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Square is a huge believer in bitcoin, so I am not too surprised that it used the window of opportunity in the reduced price to invest more. I can only believe now that bitcoin is going to keep increasing in price.
 

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The Square company continues to bet on the potential of bitcoin, although it has carried out this operation at a time where the value of BTC has fallen, it is not necessary to detract from its investment, although it is not as large as the previous one, it is a good investment that will make the crypto go up again.
 

AudraMiller

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Square is a huge believer in bitcoin, so I am not too surprised that it used the window of opportunity in the reduced price to invest more. I can only believe now that bitcoin is going to keep increasing in price.
I believe that this will cause an increase in price as those that follow this company are likely to see the confidence that they have in Bitcoin and the necessary investments and will enter the cryptocurrency field as well.
 

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I believe that this will cause an increase in price as those that follow this company are likely to see the confidence that they have in Bitcoin and the necessary investments and will enter the cryptocurrency field as well.
We agree that this makes a perfect move in buying bitcoin at a low price, but they had already bought previously with it, we can say that the company trusts the cryptocurrency.
 

AudraMiller

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We agree that this makes a perfect move in buying bitcoin at a low price, but they had already bought previously with it, we can say that the company trusts the cryptocurrency.
The trust of a company such as this one and other large companies is important in cryptocurrency when it comes to building a good user base and getting more people interested in it. People are more likely to go into something if it is backed by a reputable company.
 

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The company that is known as squares, has once again made another huge purchase of Bitcoin, purchasing 170 million dollars in Bitcoin. This is another huge investment, and could contribute greatly to another Bitcoin price increase in my opinion, although the amount is not as high as the investment made by Tesla. In a recent statement the CFO of Squares says that there is a lot of potential when it comes to Bitcoin, and at the end of the day, it is likely that this will become the currency of the internet. Do you agree with him? It seems that more companies are starting to now think along these lines.
Yeah, these companies investing in bitcoin are doing it with long term objective. And in the long term, we all here are quite certain that bitcoin will be very valuable like how he sees it.
 

Josemendez

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Is very obvious that the driving force for this investment is the profit they made in their earlier bitcoin investment . This is a reason while most companies are going for theirs
 

fastmoney1

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The trust of a company such as this one and other large companies is important in cryptocurrency when it comes to building a good user base and getting more people interested in it. People are more likely to go into something if it is backed by a reputable company.
It is true that the main thing when investing is trust and when we see large companies like Cuadrados investing in bitcoin it gives us more encouragement to invest in the cryptocurrency.
 

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The trust of a company such as this one and other large companies is important in cryptocurrency when it comes to building a good user base and getting more people interested in it. People are more likely to go into something if it is backed by a reputable company.
Of course you are right, investors seek to place their money in sites that provide them with the greatest possible security and with this investment made by Cuadrados, many other companies will also have the confidence to invest in bitcoin.
 

achawaskey

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It has already become the currency of the internet, what we are talking about is its acceptability by some countries financial institutions. The investment will add to the prise if bitcoin.
 

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It has already become the currency of the internet, what we are talking about is its acceptability by some countries financial institutions. The investment will add to the prise if bitcoin.
If it is true, bitcoin is the most widely accepted cryptocurrency on the web, also many banks worldwide are already accepting in their transactions with BTC.
 

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Square bought bitcoin and is still buying but Bitcoin has experienced this fluctuation coming in the last 7days. Is it the Square buys that is affecting the rise and fall of the the coin¿; Or it is a sign for a huge rising to come.
 

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Of course you are right, investors seek to place their money in sites that provide them with the greatest possible security and with this investment made by Cuadrados, many other companies will also have the confidence to invest in bitcoin.
I think that many companies started to invest after two main points, and that is the integration of paypal to accept Bitcoin and other crypto and the fact that elon musk was promoting it so much. In my opinion, it is these that have resulted in the confidence gained by other countries.
 

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I think those companies are buying so that more people can invest in bitcoin ,and through that means they would really make a lot of profit
 

AudraMiller

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I think those companies are buying so that more people can invest in bitcoin ,and through that means they would really make a lot of profit
I agree with you here. The moer that these companies buy in terms of Bitcoin the more confidence the others will gain in Bitcoin as well and this will in turn result in a major increase in the number of buyers, seeing this investment, which will rise the price and allow companies like this to sell at a profit.
 

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I agree with you here. The moer that these companies buy in terms of Bitcoin the more confidence the others will gain in Bitcoin as well and this will in turn result in a major increase in the number of buyers, seeing this investment, which will rise the price and allow companies like this to sell at a profit.
I think people are no more following that like before again and big companies no longer have that infulence again, because when microwave strategy invested in bitcoin there was no increase on price
 

Brain

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I agree with you here. The moer that these companies buy in terms of Bitcoin the more confidence the others will gain in Bitcoin as well and this will in turn result in a major increase in the number of buyers, seeing this investment, which will rise the price and allow companies like this to sell at a profit.
Well stated, this is the way to go. Humans look up to influencers and wherever the invest others would want to follow suit. So if you can or others Giants can invest it will mean more positive price and profit
 

AudraMiller

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Well stated, this is the way to go. Humans look up to influencers and wherever the invest others would want to follow suit. So if you can or others Giants can invest it will mean more positive price and profit
Especially with a decentralized market such as the ones that we see in cryptocurrencies. One person can have a huge influence on the market if people are able to put their trust into them. For example, if you consider the fact that Elon Musk was able to increase dogecoin so drastically, then it stands to reason that other Large companies can do the same.
 
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