RE: Going wild......29 Jul 2021 10:06
So this hit sub 30k recently but jumped up to 40k because Amazon advertised for a blockchain adviser and people said they were going to accept bitcoin. Amazon denied it.
Reading their objectives I think it unlikely they would use bitcoin due to it's weaknesses as a currency and from an environmental perspective. I think continued tax avoidance could be their main motive but also transaction speed, smart contract fulfilment and so on. All things that can be done with normal digital money and software anyway.
I think more likely Amazon will want their own coin, if any, seeing as there are over 10,000 it's not like there are any barriers to entry and it's just brand leverage and trust they could try to capitalise on. They are massive cloud hosters already and so on.
Bitcoin is the most well known name in crypto and that's most of what it has going for it along with celebrity pumpers.