Will Block succeed in its mission to turn Bitcoin into everyday money?

Published: Sunday, November 23, 2025 · 8:30 AM | Updated: Sunday, November 23, 2025 · 8:30 AM

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Investing.com — Block’s latest analyst day marks a “positive inflection,” according to Mizuho, which argues the company may now be better positioned to push Bitcoin.
Analyst Dan Dolev wrote that the event was notable not just for new AI products such as ManagerBot and MoneyBot, but also for the company’s candid acknowledgment of past.
According to Dolev, Block’s CEO opened with “mea culpas ranging from lack of adequate product velocity to prior organizational challenges.” But the firm’s optimism.

Investing.com — Block’s latest analyst day marks a “positive inflection,” according to Mizuho, which argues the company may now be better positioned to push Bitcoin toward mainstream, everyday use.

Analyst Dan Dolev wrote that the event was notable not just for new AI products such as ManagerBot and MoneyBot, but also for the company’s candid acknowledgment of past missteps.

According to Dolev, Block’s CEO opened with “mea culpas ranging from lack of adequate product velocity to prior organizational challenges.”

But the firm’s optimism centres on Block’s long-term Bitcoin strategy. Mizuho said it is “even more thrilled about Block’s opportunity to lower the cost of acceptance by utilizing Bitcoin rails,” highlighting faster banking penetration, the “surprisingly strong health and high returns” of the company’s lending operations, and what it called a “broader infrastructure opportunity embedded in a one-stop-shop for banking + wallet + POS + Bitcoin + mining.”

The analyst said the economic incentives for Bitcoin payments “seem real.”

“The Bitcoin payment rails, that XYZ is piloting, could potentially be transformational,” stated Dolev. “Cash Apps’s 58 million users are now able to use the Lightning Network for payments. We believe that this is potentially one of the most consequential changes in payments over the last 50 years.”

He explained that Lightning offers near-instant, low-cost payments and eliminates chargebacks and intermediaries, which “could encourage merchants to offer discounts for BTC payments, passing savings to customers.”

“We believe this opportunity is incremental and transformative and Block is at the forefront of this shift today,” Mizuho argues.

Furthermore, Dolev said that “building viral networks is key advantage & focus,” and that for Block, “all roads lead to primary banking” as it integrates financial services around Cash App and its merchant ecosystem.

Mizuho maintained its Outperform rating, lifting its price target for the stock to $100 from $88 per share, concluding that it is “incrementally upbeat about XYZ” as Block pursues what it sees as a viable path to making Bitcoin a routine means of payment.

Will Block succeed in its mission to turn Bitcoin into everyday money?

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