This Amazon Bitcoin Price Jump Is Small Compared to What's Coming
July 26, 2021 at 14:07 PM EDT
The Bitcoin price neared $40,000 over the weekend on rumors that Amazon might start accepting crypto by the end of 2022. An anonymous tip told London newspaper City A.M. that Amazon might even develop their own coin. For people following cryptocurrencies, this news might send mixed signals. On one hand, you're glad Bitcoin might see more adoption. On the other, Amazon producing its own coin represents the antithesis of Bitcoin. Something else happened over the last week that will sustain Bitcoin over the long term. This more concrete move instills confidence that Bitcoin can continue to grow regardless of what Amazon does... Tags: cryptocurrencies The post This Amazon Bitcoin Price Jump Is Small Compared to What's Coming appeared first on Money Morning - We Make Investing Profitable .