Seeking Alpha
2020-10-20 15:25:35

Bitcoin closes in on $12K; Social Capital's Chamath Palihapitiya rallies the troops

"HODL," tweeted Social Capital chief and SPAC mogul Chamath Palihapitiya overnight. Chamath, of course, has been a longtime fan and owner of Bitcoin (BTC-USD).The popular crypto continues its run, higher by 8% today, and just shy of $12K. It's now up about $1.5K since Square announced its $50M purchase less than two weeks ago, which was quickly followed by CEO Jack Dorsey chatting up a blueprint for how other corporate players might invest part of their treasury into Bitcoin.

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