News for hackers. Stuff that matters.

A comment on Square buys $170M worth of bitcoins. Parent comment

Re:Square buys $170M worth of bitcoins by TheBlight on Tuesday February 23, 2021 @05:16PM (#26243650)
Meh 170m isn't really that market moving for bitcoin these days.
[ Parent | on HN ]
Re:Square buys $170M worth of bitcoins by hntrader on Tuesday February 23, 2021 @05:18PM (#26243686)
It's not just the direct market impact from the size of the trade, but the signal to the market of yet another big company getting involved which causes others to initiate a trade.
[ Parent | on HN ]
Re:Square buys $170M worth of bitcoins by joshspankit on Tuesday February 23, 2021 @05:44PM (#26244004)
Came here because of this exact point.

We’re going hockey-stick! (At least for a little bit)

[ Parent | on HN ]