Morgan Creek Digital co-founder and Bitcoin (BTC) proponent Anthony Pompliano thinks Foursquare's value could increase to $1 trillion following the business firm's acquisition of Afterpay.

Square, headed up by Twitter CEO Jack Dorsey, this week appear its conquering of the Australian purchase now pay later (BNPL) business for $29 billion on the same day it reported $2.seven billion in Q2 revenue from Bitcoin sales on its Cash App.

Pompliano analyzed the motion on his The Best Business concern Show on Aug. 4, which was posted on his personal YouTube channel under the rather clickbaity heading "Square is going to exist worth $one trillion dollars."

In the video itself, he was much more conservative in his estimates. In Pompliano's view, he thinks that a 2-to-five times increase in value is a real possibility for Foursquare due to the combined potential of both firms. According to Yahoo Finance, Foursquare currently has a market cap of $122.72 billion.

"If the integration goes well and if the combination of these two businesses works out the way that Square and Afterpay believe it will, it will create a very, very interesting business organisation for Square to continue to expand globally and into other demographics," he said.

Pompliano highlighted that Afterpay's $29-billion valuation was on the dorsum of 100,000 partnered merchants, and he emphasized that opening upward Afterpay's BNPL services to the 70 million users of Foursquare'due south Cash App, too as the 2 one thousand thousand Square merchants, could come across Square'due south value skyrocket:

"You could effectively say 100K got you to a $29-billion valuation. If you roll it out to two million, maybe you don't simply get a 20x the value of the business, but could y'all two, three, iv or five X the business? Absolutely."

Dorsey's crypto-friendly payments firm Square appear on Sunday that it was acquiring Afterpay with Square common shares. The deal is expected to be paid out in the first quarter of 2022.

Following the announcement, Square's stock (SQ) has increased by 8%, going from $248 on Friday to around $269 on Wednesday, while Afterpay's stock (APT) has increased past 34%, moving from $95 Australian dollars to $128 AUD within that same fourth dimension frame, according to data from TradingView.

Related: Bitcoin is key to the future of Twitter, Jack Dorsey says

Foursquare also published a second-quarter report on Sunday that posted a 200% increment in Bitcoin acquirement year-on-twelvemonth (YoY) for Q2, with BTC services driving $2.72 billion worth of acquirement for the firm. In Q2, Foursquare's total gross profit grew 91% YoY to $1.14 billion, and Cash App besides generated a gross profit of $546 one thousand thousand overall, up 94% YoY.

It is unclear whether Afterpay will attempt to incorporate crypto services into its concern model following Foursquare's acquisition. However, BNPL competitor Zip revealed in July that information technology is looking to offer crypto trading in Australia and the Usa within 12 months.