The Bitcoin Bonanza Begins
On July 26, Cash App, the financial darling of Square, couldn’t help but stir up some excitement online by announcing a whopping $50,000 Bitcoin giveaway on Twitter. Talk about hitting the digital jackpot! It seems like they’re not just about facilitating payments; they’re also hoping to sprinkle some crypto dust on the masses.
Tweeting Their Way to the Top
The official Cash App Twitter account saw its engagement skyrocket, with tweets about the giveaway quickly gathering a phenomenal response. Initially, they reported a modest 12,300 tweets, which ballooned to a jaw-dropping 40,300. If only my tweets could reach such heights, I’d definitely consider going pro at meme-making!
Square’s Notable Leap
In the grander scheme, Square, which is as much a part of San Francisco as hippies and tech start-ups, has been enjoying a remarkable stock surge. It’s like they picked the right year to brush up on their investment strategies. Square’s stock price soared approximately 56% in 2019—from a humble $57.20 to a hearty $81.80. Meanwhile, Bitcoin is playing the long game, shooting up 157% this year. It’s clear that digital currency isn’t just a passing fad; it’s doing backflips into the future!
Jack Dorsey: The Crypto Crusader
All of this buzz can partly be attributed to Jack Dorsey, Square’s founder and the wizard behind Twitter. He’s been assembling an army of tech gurus focused on leveling up crypto infrastructure. If Dorsey has his way, it won’t just be happy tweets and selfies; it will be bitcoin billing and crypto collateral.
A Global Crypto Wave?
As if to further set the stage for the crypto conversation, the Bank of China released an educational infographic outlining Bitcoin’s wonders. What does this mean? A mad rush to crypto understanding, of course! With banks getting into the mix, we might just be at the dawn of a thrilling new era for digital currencies.
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