Bit coin is a peer to peer transaction system created last year that uses trades to be, conducted by a digital money, the bit coin. Unlike monies given by states, Bit Coin is completely electronic and is separate of any state or market, without ties to some monetary authority, corporation, or business.
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
MicroStrategy CEO: Companies will soon start investing in bitcoin
The head of MicroStrategy, the first public company to invest in bitcoin, said other firms would soon follow their lead. According to Michael Saylor, this will happen in the next 3-6 months. “It will probably be private companies first, because they don't have as much inertia. The public companies our size, then mid-sized companies.” the businessman said. He added that most of MicroStrategy's shareholders supported the investment in bitcoin. At the same time, Sailor is not an ardent supporter of cryptocurrency. If stock returns rise anytime soon, he will easily ditch bitcoin. The businessman is not concerned that BTC has lost about 6% in value since the company's first investment. “Volatility is not really a selling point. Right now, this is the only thing we can find with real positive returns,” concluded Sailor.
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