Square Buys $50 Million Worth Of Bitcoin And What It All Means

11 days ago
1 Min Read
134 Words

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Square is the second major corporation to make the decision to hold a portion of their holdings in Bitcoin. The company announced that it has bought $50 million worth of BTC.

This is going to become more common. The wealthy are already buying the coin, so it makes sense that corporations are apt to follow.

In this video I discuss how Bitcoin is going to be the token for the elite while other tokens are what will be used by regular people. This is akin to a reverse of the IPO situation where the banks make the easy money before the public can get in by selling to the public. Here the average person is going to be selling BTC to Wall Street.

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