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Rabbit Hole Recap #242: CashApp Users Bought Over $7B in Bitcoin Last Year

Rabbit Hole Recap

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Cash App Generated 7.11 Billion of Bitcoin Revenue and 156 Million of Bitcoin Gross Profit

Cash App generated 7.11 billion of Bitcoin revenue and 156 million of Bitcoin gross profit down 29 and 28% year over year respectively. That's almost 2% of the overall market cap as of right now. But even if it includes sales, like in the worst case scenario, what is that? That's like three and a half billion was bought and then sold.

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