Why Bitcoin Investors Should Consider Buying Square Stock
It's no secret that Square (NYSE: SQ) CEO Jack Dorsey is a big believer in Bitcoin (CRYPTO: BTC). In the most recent earnings call in late February, he noted his conviction that it would be the currency of the internet. To align the company with that notion, Square has aggressively purchased Bitcoin over the last year.
That makes Square an interesting stock. For investors who prefer not buy cryptocurrency directly, Square is a great way to gain Bitcoin exposure. And for investors who own Bitcoin, Square's robust business can help diversify a crypto-heavy portfolio. Here's why.
Square's Cash App launched as a peer-to-peer (P2P) payments platform in 2013, but it has evolved into a suite of financial tools designed to help consumers manage their money in a variety of ways.
Source Fool.com
