Square Reports Over $1B in Quarterly Bitcoin Revenue for First Time: Q3 Earnings
"Cash App generated $1.63 billion of bitcoin revenue and $32 million of bitcoin gross profit during the third quarter of 2020."
For decades, the financial system has been rigged against Blacks. Today, there is an alternative that removes barriers to wealth creation.
Previously, Cash App had only allowed clients to get U.S. currency back on transactions.
Julie Stitzel was at the U.S. Chamber of Commerce's Center for Capital Markets Competitiveness prior to joining Square.
With bitcoin’s price hitting a new all-time high on Monday, retail investors will inevitably want to get in on the original crypto asset.
When demand from these two sources alone exceeds the entire supply of newly minted bitcoins, expect serious supply pressure to follow.