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why twitter ceo invested in bitcoin

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People often fear by the name of Bitcoin as some scam or Ponzi scheme but recently, we saw some big investments in Bitcoin from Twitter CEO Jack Dorsey. The company Square, a payments company owned by the CEO of Twitter, invested 1% of it’s asset in Bitcoin essentially buying 4709 Bitcoins worth $50 Million. JP Morgan calls it as a strong vote of confidence in the cryptocurrency market for Square. To explain why this investment…