It’s the first time the crypto exchange has made an investment in an outside fund.
The 97-year-old vice chairman of Berkshire Hathaway said buying bitcoin is “the pursuit of the uneatable by the unspeakable.”
The value of Square’s bitcoin investment from October 2020 has increased five-fold.
After a lot of drama, bitcoin’s back to trading where it was a few days ago.
Analysts are mixed on how low bitcoin might go if a bigger pullback is seen.
“The best reason to focus on bitcoin’s rise is what it tells us about the risks that may be bubbling up amid the Federal Reserve’s commitment to zero interest rates,” the Post said.
For all of 2020, bitcoin rose 305%.
Less than two months into 2021, the price of bitcoin has risen 95.4%.
Elon Musk and other VIPs have endorsed it. Here’s why the Federal Reserve should seriously consider BTC for its balance sheet.