Post by
Arbutus22 on Oct 11, 2020 3:43pm
Square buys $50m worth of Bitcoin
Last week Square (SQ) bought 4709 bitcoins for 50m. Microsoft, Overstock, Expedia, KFC, all accept bitcoin and other cryptocurrencies. Slowly but surely, the trend is moving towards mainstream acceptance of cryptocurrencies. Payment processing, NC's expertise, is the backbone of mainstream usage, acceptance and proliferation. NC seems to have a talented, highly motivated corporate team. Seems to me that as long as cryptocurrency growth continues, consumers demand the ability to pay with crypto, merchants thus require the ability to accept crypto payments, NC continues growing and the stock should do quite well. With way more knowledge than me, the CEO, Clayton Moore, bought 460,000 shares in just the past two months on the open market. Hopefully for shareholders, Moore is something of a visionary.
https://markets.businessinsider.com/currencies/news/bitcoin-price-square-buys-million-ubiquitious-potential-currency-digital-tech-2020-10-1029663639
Comment by
Arbutus22 on Oct 14, 2020 10:41pm
We may be early but crypto currencies will become more and more commonplace ... the ECB is considering launching a digitial Euro: https://www.bloomberg.com/news/articles/2020-10-02/ecb-launches-public-consultation-and-experiment-on-digital-euro?srnd=cryptocurrencies. NC seems set up to capitilize on what may be significant market growth. Be patient. GLTA.