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❕NEWS Squares buy $170 million BTC

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The update from CNBC shows that the Square company has added $170 million worth of bitcoin to expand it bitcoin Investment of 4,703 bitcoin bought last year October.
The deal of $170 million was carried on Tuesday when bitcoin was $48,000.
The CEO, Jack Dorsey, said as at last year October the amount of bitcoin bought represent 5% of the company's asset. You can imagine what the company will worth when bitcoin eventually hit $100,000.
 
I guess the company is capitalizing on the decline in bitcoin price to buy more. I hope this would push the price back on track to $60k.
Yeah the company took advantage of the crash in Bitcoin so they are able to buy more so you can imagine what they will be making if bitcoin eventually go as high as predicted by JP Morgan.
 
This purchase by the Cuadrados company is magnificent news for BTC, this is the business of the market to take advantage of those moments of crypto fall to collect and thus obtain the best benefits for when bitcoin rises again.
I agree with your comment, market companies play the stock market of buying and selling cryptocurrencies, squares I make a very good investment.
 
Exactly my friend. You wrote $ 100,000, but even, there are those who speak of a milestone of $ 1 million, by the end of the year 2021.
Some believe it, others don't. However, we must always keep in mind of only one certainty that Bitcoin has.
The aforementioned halving, which happens when 21 million units are mined!
 
Bitcoin reaching 1 million dollars by the end of this year is not realistic and if it does I guess the crypto market could collapse suddenly because it will be too expensive so moredumping than pumping
 
I agree with your comment, market companies play the stock market of buying and selling cryptocurrencies, squares I make a very good investment.
All these companies know very well the business of the financial market, they waited for the right moment and invested at a low price, playing that the cryptocurrency will recover soon and thus they obtain great benefits.
 
These are the guys that understand what business is all about, despite the prise of bitcoin they still commit such amount of money. This shows that the future of bitcoin is bright.
 
The update from CNBC shows that the Square company has added $170 million worth of bitcoin to expand it bitcoin Investment of 4,703 bitcoin bought last year October.
The deal of $170 million was carried on Tuesday when bitcoin was $48,000.
The CEO, Jack Dorsey, said as at last year October the amount of bitcoin bought represent 5% of the company's asset. You can imagine what the company will worth when bitcoin eventually hit $100,000.
Exactly my friend. You wrote $ 100,000, but even, there are those who speak of a milestone of $ 1 million, by the end of the year 2021.
Some believe it, others don't. However, we must always keep in mind of only one certainty that Bitcoin has.
The aforementioned halving, which happens when 21 million units are mined!

Im not liking all these companies and celebrities announcing huge crypto purchases, it reaks of manipulation.

Are you sure they would actually split Bitcoin? I mean that will dillute the value a lot right?
 
A lot of institutions are diving heavily into cryptocurrency especially bitcoin investment. This will have positive effect on the price of bitcoin.
 
Yeah institutions that are very rich believes it's a good way to make cool money in a very short time and the pump in their money because they believe their investment will reshape the price of Bitcoin mediately the invest in and so their sure of profits.
 
Yeah institutions that are very rich believes it's a good way to make cool money in a very short time and the pump in their money because they believe their investment will reshape the price of Bitcoin mediately the invest in and so their sure of profits.
True , also the story of their huge investment in bitcoin will also motivate other small investors and thus affect the price of bitcoin positively .
 
These are the guys that understand what business is all about, despite the prise of bitcoin they still commit such amount of money. This shows that the future of bitcoin is bright.
In something we must be sure that they carried out that operation is because they trust in a recovery of bitcoin, those large companies have their advisers who say where and when they can invest.
 
In something we must be sure that they carried out that operation is because they trust in a recovery of bitcoin, those large companies have their advisers who say where and when they can invest.
Actually this was not the first time they are investing in bitcoin . They have invested in the year 2020 and made huge profit from it . They just need to keep increasing their profit
 
These are the guys that understand what business is all about, despite the prise of bitcoin they still commit such amount of money. This shows that the future of bitcoin is bright.
You are right friend, these companies play big investments and wait for the opportune moments to carry out these operations, that is why they get richer because they know how the financial market moves.
 
The secret of making good money from bitcoin investment is true investing big amount of money such that even in a short time you trade and make your profit easily.
 
The secret of making good money from bitcoin investment is true investing big amount of money such that even in a short time you trade and make your profit easily.
The financial world is based on seeking the highest possible profitability in the shortest time, if you have the money to invest large amounts, these operations can be placed in the short term to obtain the best dividends.
 
That's a lot.. wonder why it didn't give much effects on Bitcoin's price though.. it's been going down a lot these days but still at 48-50 range but still
 
That's a lot.. wonder why it didn't give much effects on Bitcoin's price though.. it's been going down a lot these days but still at 48-50 range but still
It a question worth asking though it is very possible that the amount is not much enough to give the market a significant push .
 

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