Block (XYZ) Bitcoin Strategy Could Boost Stock 20x
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Successful Ecosystems: Block operates two successful ecosystems, with Cash App focusing on individual consumers and Square targeting small businesses, showcasing its diversified market positioning and strong customer base.
- Bitcoin Trading Enabled: Since 2018, Cash App has allowed Bitcoin trading, and Block has launched the Bitkey hardware wallet and mining equipment, indicating its ongoing innovation and responsiveness to market demand in the cryptocurrency space.
- Merchant Bitcoin Acceptance: Square recently enabled its 4 million merchants to accept Bitcoin payments, which could create significant market potential and revenue growth opportunities if widely adopted.
- Long-Term Growth Outlook: With Michael Saylor predicting Bitcoin prices could rise 217-fold over the next 20 years, if Block successfully capitalizes on this trend, its stock could see a 20-fold increase, attracting investors optimistic about Bitcoin's long-term potential.
Analyst Views on XYZ
Wall Street analysts forecast XYZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XYZ is 86.35 USD with a low forecast of 55.00 USD and a high forecast of 105.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
27 Analyst Rating
21 Buy
4 Hold
2 Sell
Moderate Buy
Current: 64.920
Low
55.00
Averages
86.35
High
105.00
Current: 64.920
Low
55.00
Averages
86.35
High
105.00
About XYZ
Block, Inc. builds technology to increase access to the global economy. The Company operates through two segments: Square and Cash App. The Square includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. The Cash App segment includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. The Cash App also includes Cash App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. Its Afterpay business is transforming the way customers manage their spending over time. Its TIDAL business is a music platform that empowers artists to thrive as entrepreneurs. Its Bitkey business is a simple self-custody wallet built for bitcoin. Proto business is a suite of bitcoin mining products and services.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





