Bitcoin Surges To New Record High Amid Amazon Acceptance RumorsOctober 13, 2017 9:30 pm
Bitcoin reached a new high again on Friday as cryptocurrency insiders debate about the rumor of Amazon acceptable being behind the sudden buzz, along with China potentially reversing its exchange ban, according to The NextWeb.com.
Rumors about Amazon being interested in cryptocurrency are nothing new, and they’ve been unsubstantiated so far, but Bitcoin has still reached its new all-time high of $5,856.
One month before October, Bitcoin moved up from $3,874 to $4,370 within three weeks, and now it’s rising again.
Cryptocurrency commentators say the surge may be due to upcoming China Communist Party meeting which will discuss the party stance on Bitcoin exchanges and maybe allow them to open again, but all those plans are being kept under wraps so it’s only alleged claims so far.
James Altucher, cryptocurrency expert, says Amazon is planning to begin accepting cryptocurrency on October 26, during its next earnings call.
Amazon hasn’t denied this fact but has not confirmed any future plans for cryptocurrency either.
Many view Amazon as one of the frontiers for the mainstream entry for cryptocurrency, with bitcoin acceptance bound to follow.
Overstock.com has been accepting cryptocurrencies for several years now, so the idea isn’t that far-fetched.
Many commentators were wary of deliberating the issue, but a few pointed out that if all the unsubstantiated buzz was driving bitcoin up more and more by the day, an actual announcement would be an explosive gain for those with bitcoin.
–WN.com, Maureen Foody