Fred Wilson: This is a great time to invest in bitcoin companies; "bitcoin is continuing to grow and develop...the underlying technology... is emerging as a very important piece of technology that can power other things like distributed identity".
Square, billionaire Jack Dorsey's company invests $ 50 million in Bitcoin
Square becomes the second company to make the second investment in Bitcoin this year Square, an American company that provides financial, commercial and mobile payment services, has just announced its investment of 50 million dollars for the purchase of Bitcoin (BTC). One of the most recognized financial services companies in the world, Square, founded by software developer and entrepreneur Jack Dorsey, just announced on Twitter that it invested a total of $ 50 million to purchase 4,709 bitcoins (BTC). The amount recently invested by the company represents 1% of all its assets by the end of the second quarter of this year
When the bitcoin price goes up so do mining rigs. Is this the last time normal people can invest in rigs before it gets completely taken over by big companies?
Im thinking about bitcoin mining as an oil drilling company. When the prices of the underlying commodity goes up so does the drills. When the price of 1 btc will hit 100k USD the price for a rig will be approx 150k or am im thinking completely wrong? I'll be more than happy to hear your thoughts. Have an awesome day!
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