> Isn't it a conflict of interest for Dorsey to make such a market moving purchase, as an agent of Square, in an asset that he is personally invested in? I gue

> Isn't it a conflict of interest for Dorsey to make such a market moving purchase, as an agent of Square, in an asset that he is personally invested in? I guess we'll have to wait and see the rationale of the purchase. If it's to facilitate payments on their platform, then no biggie. No, and Jack is a big proponent of Bitcoin and has offered buying/selling via CASH. He has been saying he's maxed out cash app's buying service since it's inception in 2018ish (?) with no repercussions. Furthermore, their purchase/holdings could represent the amount outstanding Square has to have as reserves after daily operations--Square is CASH's parent company, which allows for the buying and selling of Bitcoin, not some IOU like Paypal. I think they may be finally rolling out Bitcoin acceptances via the Square POS system, ideally with LN (something Jack has financed in the past). Something I wish we had during the pandemic to allow small businesses to invest in and convert to just keep the lights on, instead most got wiped out from dealing with fiat and may never come back again. . I just hope you guys on HN start to realize the 2 biggest names in Fintech are already Bitcoiners, Jack has been for some time but Elon (who was arguably more important than Thiel, who also has Bitcoin investments, in making Paypal) has only recently made it public, but was also at one time regarded as potential person for who was 'Satoshi' for a reason. IN addition to the Worlds richest person, or was until the Tesla stock dip this week. The SEC should have gone after Citadel, Melvin, Robinhood, etc... instead they had what even one politician said was 'political theater,' but they didn't and instead they go after things that change the status quo, which this may be... or until the status quo has adopted it in a way that it's beneficial to them, and while it we (bitcoiners) would be remiss to say we built this architecture for them, we knew one day they would of out of self-interest join. That's where are now. I'm not entirely convinced it's not them lowering the price to get a better buy in position, both Microstrategy and Tesla have enough to make the market move in that direction. I'm just thankful they did and I got to buy more on the way down. I actually wonder if Coinbase offers this as a service, as in you pay Coinbase XX million for services rendered and they start dumping coins on the market to help its high net worth buyers buy billions worth of bitcoin via OTC at a lower price. But this is just unsubstantiated conjecture on my part, though not entirely impossible. Then blame Kraken as plausible deniability and rinse and repeat. Edit: typical HN downvote brigade... I expected more from this place, and felt that people would challenge the idea, not the message/messenger.