RATE Group | Twitter, Square Stock 20% Price Surge Boosts Bitcoin Lightning Network
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Twitter, Square Stock 20% Price Surge Boosts Bitcoin Lightning Network

07 Feb Twitter, Square Stock 20% Price Surge Boosts Bitcoin Lightning Network

Posted at 09:58h in Bitcoin News by

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Perhaps the two most prominent supporters of Bitcoin’s (BTC) Lightning Network have seen their share prices rocket this week as the technology gains fresh recognition.

Data covering the share prices of Twitter and sister company Square, the payment gateway which directly supports Bitcoin, shows both companies sealed major gains in recent days.

Cash flows towards BTC, Lightning

Twitter stock (TWTR) appreciated by close to 20%, while Square (SQ) hit local highs of $81.65, almost 10% up on last week and nearly 25% since Jan. 1. The former recently revealed that it had turned its first quarterly revenues in excess of $1 billion.

“2020 is now officially an investment year, and in return, investors should expect Square to exit 2020 at an improved growth rate,” investment media outlet Investor’s Business Daily quoted a JPMorgan analyst as saying on Thursday.

Square share price (year-to-date)

Square share price (year-to-date). Source: Yahoo!

Both companies share the same CEO, Jack Dorsey, a figure who has become…

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