BREAKDOWN: If You Sell Your Bitcoin, Michael Saylor and Jack Dorsey WILL Buy It

Square added $170M in bitcoin to its reserves last quarter, while MicroStrategy announced a fresh $1B bitcoin buy today. 

This episode is sponsored by Nexo.io.

Today on the Brief:

Fed Chair Jerome Powell comments on markets and digital currencyCathie Wood’s ARK faces toughest stretch since last September India’s latest anti-crypto sentiment 

Our main discussion: More news on corporate bitcoin buying. NLW discusses:

Square’s Q4 and overall 2020 bitcoin performance in terms of revenue and profitSquare’s latest bitcoin purchase of ~3,300 BTC for $170 million MicroStrategy’s latest >$1B bitcoin purchase, bringing the total to more than 90,000 BTCWhy these announcements are losing their power to move markets 

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