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(ABM FN-Dow Jones) Amazon.com denied plans to accept bitcoin as a method of payment Monday night. This reported Reuters news agency.
On Monday, cryptocurrencies rose sharply after Bloomberg reported a vacancy at Amazon for a digital currency product manager.
An Amazon spokesperson denied the rumors to Reuters.
On Tuesday, bitcoin fell nearly 5 percent to $37,238.
ABM Financial News; [email protected]; Redactie: +31(0)20 26 28 999.
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From Beursplein 5, the editors of ABM Financial News keep a close eye on developments on the stock exchanges, and the Amsterdam stock exchange in particular. The information in this column is not intended as professional investment advice or as a recommendation to make certain investments.
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I suspect Amazon is walking on eggshells.
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Do not surprise me at all, if you saw how the news was picked up and hyped by the crypto sites. Anything to give the race a boost.
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Amazon of course does not want to buy into the crypto field at the top price. She can therefore fully manipulate the cryptos, just like space buddy Elon Musk, in this irregular, unsupervised trade, and then strike “cheap”. The crypto trade has now become gigantic in terms of money and has become an entire industry with believers. The question remains whether it is a tulip-mania-like bubble. I find it frightening to hear the nonsense about FUD (fear, uncertainty and doubt) and fomo (fear of missing out) suggesting that you should keep “believing” in the “coins”.
However, in a responsible diversification of investments, not participating is not an option…!
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