Block $SQ made some huge mistakes, such as overpaying for Afterpay and wasting money on Tidal and the TBD project, which was eventually disbanded.

These missteps, combined with the pop of the bubble, drove the stock down 68% from its highs.

Now is where the opportunity lies. The company is taking the necessary steps to become a major player in industries with multi-trillion-dollar potential, including consumer banking services (Cash App), business banking services (Square Financial Services), and a software and hardware ecosystem for businesses (Square).

Additionally, they have other nascent projects that could also become massive in the future: crypto wallets (Bitkey), crypto mining hardware (Proto), and open-source development of the Bitcoin ecosystem (Spiral).

I think that $SQ at these levels is a great opportunity for any long-term investor looking to gain exposure in their portfolio to multiple high-growth industries.