Bitcoin Surges After Amazon Posts Crypto Job Opening

Teodora Dobrilova
Teodora Dobrilova

Updated · Apr 11, 2022

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Amazon posted a job opening for Digital Currency and Blockchain Product Lead. Cryptocurrencies reached a new high on the 26th of July as a result.

Cryptocurrencies Skyrocket

Most of the time when there are rumors that Amazon will be exploring a new market, the stocks of its future rivals take a hit.

This was not the case with cryptocurrencies.

As of Monday afternoon, Bitcoin climbed by more than 14%, reaching a six-week high - nearly $39,043. Ethereum reached $2,363, marking a 12% climb. Dogecoin also saw a rise of 14%.

Amazon’s Job Opening

Amazon listed on their website a job opening for Digital Currency and Blockchain Product Lead. The company is looking for someone to perform customer and system data analysis, navigate the Digital Currency and Blockchain strategy, monitor project execution and delivery, and more. 

Despite the speculations, Amazon hasn’t officially confirmed that it will start accepting Bitcoin as payment or if it will be launching a new service.

"We're inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon," a spokesperson said.

The Statistics

Amazon has more than 213 million unique visitors monthly from just the US. Given that, it is logical for the company to start accepting crypto as payment at some point.

The global crypto market size is expected to reach $1087.7 million by 2026

Earlier this month, Bitcoin saw another surge. Elon Musk announced that he holds Bitcoin, Ethereum, and Dogecoin and that Tesla might start accepting the cryptocurrency as payment once again.

These days, more and more people are turning to crypto exchanges for buying and trading altcoins.

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Teodora Dobrilova

Teodora Dobrilova

Teodora devoted her whole life to words – reading, writing and trying to be original on social media. She got certified in digital marketing but still feels she’s not cool enough to be an influencer. (We all disagree – she influences the team pretty well.) She finished a master’s degree focused in Literature, Publishing, Mass Media. Her hobbies include traveling, and reading. Teddy hopes that yoga will be the thing to finally teach her some patience and show her the path toward world domination. Maybe modern tech can also help her with that.

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