$Block (SQ.US)$ all in bet on $Bitcoin (BTC.CC)$ could cause...
The US Treasury’s President’s Working Group on Financial Markets report a couple days ago (HERE: https://home.treasury.gov/news/press-releases/jy0454) recommended URGENT regulators for all transactional blockchains to be backed 1-to-1 with USD & gov securities and that backed to be held in banks AND that crypto like BTC to be treated even more like securities & commodities.
Dorsey’s bet on BTC is very very very risky as the USA appears to be opposed to enabling that blockchain for transacting.
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Wyatt lincoln : Before you know it SHOP will support BTC and other crypto payments for e-commerce.
Spider-Man to moon Wyatt lincoln : SHOP already support 700 payment and 300 crypto. They are astronomically better and more diverse than SQ and not ridiculously putting all their eggs in the BTC basket. Very bad idea for Dorsey to bet so heavily on the obviously losing horse that regulators are gonna impede.