Bitcoin managed to break above $40k once again. At the moment of writing this article, BTC is trading in the green and the king coin is priced at $40,368.22.
Anthony Pompliano said that Bitcoin is not even in a bear market these days.
Bitcoin was never in a bear market.
The critics got louder and new people got scared.
The strong hands were accumulating heavily the last few weeks though.
It is all right there in the on-chain metrics.
Anyone can see the data. You just have to look…
— Pomp 🌪 (@APompliano) July 28, 2021
Someone said: ‘Bitcoin was best performing asset of the last decade tho so looms like 2017 turned out fine,’ and a commenter posted this: ‘You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust.’
Bitcoin’s price exploded amidst Amazon rumours
Bitcoin has been really volatile lately and the king coin managed to smash through $40k amidst rumours that Amazon would start allowing BTC payments and more than that, even create its own crypto.
The rumours that Amazon might be entering Bitcoin and crypto payments were strengthening.
According to the news website City A.M., an “insider” has confirmed that Amazon is “definitely” looking to launch Bitcoin and crypto payments by the end of 2021.
The source said the following:
“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work.”
Amazon has since denied the rumours via an email statement to Coindesk. The firm said that it has no plans to launch a crypto by 2022 and will not accept Bitcoin this year.
On the other hand, they said that they will continue to explore cryptocurrencies and blockchain.