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[AudraMiller]

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.

 

[microunit]

Yes i have come to understand that news are the major simulator of bitcoin value and other cryptos because i have seen that on the side of Elon Musk; when he started tweeting of doge, the coin gained value and when he tweeted that bitcoin will no longer be used to buy from Tesla, bitcoin drops. We need more rich influencers to come project the market back and more.

Yeah well dogecoin was always a hyped coin memecoin where it moves by hype, in before elon musk tweeted about dogecoin, people did the tiktok dogecoin craze and that also raised dogecoin price

 

[sammyblaq]

Yeah well dogecoin was always a hyped coin memecoin where it moves by hype, in before elon musk tweeted about dogecoin, people did the tiktok dogecoin craze and that also raised dogecoin price

I almost heard about it's link with Reddit platform that aided too. We need more pumping at this time as people are afraid of the unknown with regards to crypto. I sure know that we will bounce back and better soonest.

 

[sammyblaq]

It would be an advantage for the market to have more large influencers, however at the same time it will also be dangerous because that means there are more people that are able to manipulate the market.

Yes you are 100% right about that; the help might come but the fear of manipulation is another thing because the more you acquire crypto the more you are making waves to the determination of the crypto value.

 

[Emmanuel24]

If companies begin to buy bitcoin like this, it will be of help in the market by making the price to increase more well. it's a good development precisely.

 

[AudraMiller]

If companies begin to buy bitcoin like this, it will be of help in the market by making the price to increase more well. it's a good development precisely.

Not only will the company be buying the cryptocurrency but with purchases of this nature as well it can prompt a lot of people as well follow in those footsteps too.