How This Crypto Company Makes Money Even When Prices Crash

Group 1 - Bitcoin is down approximately 10% from its all-time high of $126,000, but crypto companies like Block can still generate profits in a flat or declining market [1] - Block has launched a new crypto offering called Square Bitcoin, aimed at helping merchants process Bitcoin transactions and integrate it into their cash management [2] - The goal of Block, as stated by co-founder Jack Dorsey, is to convert Bitcoin from a speculative asset into a form of "everyday money" for small businesses [3] Group 2 - Industry insiders predict that Bitcoin transactions will significantly increase in popularity in the coming years as investors become more comfortable with holding Bitcoin [4] - Block's stock is currently trading near an eight-month high and has increased by 38% over the past six months, indicating that some crypto companies can thrive regardless of Bitcoin's performance [5][7]