Some Positive Crypto News That Have Been Happening In the Market!!
Amazon‘s plan to accept crypto currencies has led to a price spike in the market. Jeff Bezos, of Amazon, says he is working on a plan to work on cryptocurrency payments. He also talks about some old coins like Dogecoin, like Cardano, like Ethereum. The technicals for Bitcoin right now are looking absolutely amazing. The price of Bitcoin is almost touching 40 thousand dollars for the first time in a long time. What’s going on with the charts looks great.
Why is this happening?
There’s a lot of things that have been happening in the market that have all been pointing to this positive news. The B word event actually was very like there was nothing wrong and everything was good. This week, July 29, Robin Hood has their official IPO. If they have any new crypto features that comes out from them, if it comes out a little bit sooner. And the big thing is obviously going to be the crypto wallet.
Jack Dorsey and Twitter, they had their earnings call. Just log on their Q2 earnings call on Thursday. But either way, their Q2 earnings call, Jack Dorsey, came out and revealed the role of Bitcoin with Twitter moving forward. He was part of this broad conference and everyone knows he likes crypto. But having that much influence with major multibillion dollar corporations, same as Elon Musk, they can actually help push the price of Bitcoin up higher and the entire crypto market. And we’re seeing this happen because Jack Dorsey came out and said that there are three trends relevant to Twitter and all of its shareholders moving forward over the next couple of years.
During the B word conference, Jack Dorsey came out and said that Bitcoin, like the Internet, needs its own currency and he sees Bitcoin being the currency of the Internet. So regardless if you like Bitcoin, Ethereum, Dogecoin, Cardano’s doesn’t matter either way. What we know is that large corporations like Tesla now Twitter Square, they’re getting more involved in crypto and they’re not just buying it anymore. They’re trying to integrate it directly in to their businesses. So this is very exciting.
But what about the big money players?
The big money players such as Bank of America, JPMorgan Chase, Deutsche Bank, Goldman Sachs, all of these big institutional investors have talked about crypto a lot. They’ve said, you know what, they’re opening up to the idea of cryptocurrency trading. But the major news that just came out from JP Morgan is that it’s giving all of its wealth clients access to crypto funds. And the thing that’s exciting about this, we just had this report come out within the last 48 hours. And the big news, the exciting part about this is that these are all the wealth management clients.
Breaking news from Amazon
So Amazon, Amazon had come out and said that they were exploring cryptocurrency payments. Amazon just came out, reportedly told a London business newspaper, City A.M., that the e-commerce giant is planning to accept Bitcoin payments by the end of this year. And this could set the stage for wide stream acceptance of cryptocurrency transactions. So whether it’s Bitcoin, Ethereum, Cardano, which we’ll get into in a bit because it mentioned specific coins, it doesn’t really matter. The important thing is, is they are going ahead with crypto and not just hiring someone, but they’re going to get this actually integrated into their platform by the end 2021. Jeff Bezos is not the CEO anymore. He recently stepped down. Now they have a new CEO, Richard Buery Jr. that is a big deal because now having options to pay with crypto, like if you’re one of the 200 million Amazon Prime members and you see that, you could go ahead and pay with crypto.