Oct 8, 2020 at 16:16 UTCUpdated Oct 8, 2020 at 18:18 UTC.Reactions from Bitcoin Twitter and beyond as Square puts 1% of its treasury assets into bitcoin.
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.This episode is sponsored by Crypto.com, Nexo.io and Elliptic.
A special breaking edition of The Breakdown follows the market's reaction to Square's surprise $50 million bitcoin investment.
2020's alignment between the bitcoin narrative and structural economic realities.
He also discusses the market's reaction, from the connection to Coinbase's "Apolitical" stance from last week to the notion of Square intentionally setting a framework others can follow.
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.Disclosure.
The Market Reacts to Square's $50M Bitcoin Buy
Published on Oct 8, 2020
by Coindesk | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.