Jack Dorsey’s Block Makes Power Move: Joins S&P 500 Elite

Bitcoin bull Jack Dorsey just scored Wall Street’s golden ticket—again.

Block, the fintech disruptor behind Cash App and Square, is set to join the S&P 500 index in a landmark moment for crypto-adjacent stocks. The move signals growing institutional acceptance of blockchain-infused finance—even if old-guard investors still don’t understand the tech.

Market impact? Expect volatility. Block’s stock surged 8% in after-hours trading as index funds scrambled to adjust holdings. Analysts predict a $2B+ liquidity boost from passive ETF inflows—because nothing says 'innovation' like algorithmic funds buying by rote.

Dorsey’s long-game play: While rivals chase metaverse fantasies, Block’s stacking Bitcoin on its balance sheet and building open-source mining rigs. The S&P nod validates their bet that real-world utility beats vaporware.

Wall Street’s ironic twist: The same suits who dismissed crypto now need Block to prop up their index performance. The decentralized future, it seems, still requires centralized approval.