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Amazon denied reports it will accept Bitcoin payments soon, but seemingly, it’s only a matter of time before the tech giants embrace the token economy.
Maybe Amazon really isn’t preparing to accept BTC as payment for its goods and services before year’s end, and perhaps Apple isn’t in fact adding $2.5 billion of Bitcoin to its balance sheet — although both events were reported recently, they are still unconfirmed. The question still remains: If and when the tech giants do commit, what impact will they have on the cryptocurrency and blockchain industry?
Would it spur crypto adoption or revive Bitcoin as a medium of exchange? Would it confer a seal of approval on digital assets and discourage governments from clamping down on blockchain-based tokens?
In other trending Bitcoin News today: Bitcoin’s price rallied to a multi-month high at $44,500 on August 7 and this allowed the digital asset to break free of the trading range it had been stuck in since May.
“BTC has successfully claimed the 200 day EMA as support, a long-term gauge of investor sentiment towards BTC. BTC has also successfully claimed the 21 week EMA as support, a bull market indicator. The market is getting bullish.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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