Block Inc. lifted its full-year profit guidance and revealed plans to invest a portion of its profits from Bitcoin back into the assets, as Jack Dorsey’s company bets big on the currency’s future.

The announcement came alongside the company’s earnings report, with its nearly$6 billion in first quarter revenue beating expectations.

Bitcoin’s all-time high was on March 14, 2024, trading at $73,835.57 per bitcoin. The lowest intraday price that the crypto traded in the past year was $24,780.17 on June 15, 2023. The original crypto is up by 105.04% year over year.

Can Bitcoin hit $100000 in post-halving rally? Our Bitcoin price prediction aims to answer with in-depth analysis of market sentiment.