Jack Dorsey’s Block Next In Downgraded List Amid Bitcoin Downfall

Jack Dorsey’s payment firm Block enters the list of Bitcoin-related firms facing downgrades. Investment bank Mizuho on Thursday downgraded Block from “buy” to “neutral” as management sets a significant focus on Bitcoin despite contributing less than 5% of Block’s gross profit. Recently, several firms including MicroStrategy, Coinbase, and Robinhood faced downgrades amid Bitcoin’s downfall. Block

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