Was wondering how comes the market held relatively well... Turns out - of course they printed some more Tethers.
And ignore that auto manufacturers noise - of just looking at 15 years cleverly (not) from a certain brand's IPO date. Let's see where BYD is in 15 years. Or Ford, VW or M.Benz is from their original IPO dates.
(MORNINGBREW) FINANCE Amazon and Walmart might make their own crypto Jeff Greenberg/Getty Images Company-specific cryptocurrency could soon become as prevalent as celebrity-backed tequila. The world’s two biggest retailers, Amazon and Walmart, are looking into issuing their own stablecoins for US customers to use at checkout instead of credit or debit cards, the Wall Street Journal reported yesterday. Other big companies, including Expedia and some airlines, are also considering the move, per WSJ. Why? Stablecoins—which are pegged to real assets, like the US dollar—can process payments quickly and potentially save corporations billions of dollars in swipe fees that they pay every year to credit card companies, banks, and fintech startups like Toast and Square. Merchants (aka any business that sells goods) forked over $172 billion in US transaction fees in 2023, a near 50% increase from before the pandemic, as more customers went contactless. Financial institutions are scared. Visa, Mastercard, American Express, Capital One, PayPal, and Block’s stocks each dipped between 2% and 6% yesterday. Customers transitioning from paying with credit cards to crypto “is inevitable and represents a risk” to Visa and Mastercard, a TD Cowen analyst recently warned. It could happen soon. Congress will vote on a bill known as the GENIUS Act, which would give private companies a blueprint for issuing their own stablecoins, as soon as Monday.—ML
I’ve said this for years — instead of letting people buy directly with crypto, companies should issue their own store-specific coins that you can load up with Bitcoin or other crypto. Kind of like Amazon gift cards, but smarter. People holding Bitcoin would be way more willing to spend if they could just drop 0.01 BTC into a store wallet and instantly have $1,000 to use. Funny thing is, not long ago, 0.01 BTC would barely buy a toaster. Now that same amount can get you a 75" 4K TV. Giving people an easy way to “pre-spend” like this would unlock a ton of dormant spending power.
All good, was just a comment about guy bragging on TSLA, not you re-posted it - along with BTC being tops.
Back when Bitcoin was around $8K, I remember suggesting that Amazon could easily launch its own digital currency. I even posted here about the idea of an "Amazon Coin"—it seemed like a no-brainer at the time. After all, they already had Amazon gift cards you could load up, so moving to a fully virtual system didn’t seem like a big leap. Other platforms were already doing it—Newegg, for instance, accepted Bitcoin through BitPay as far back as 2014. While Amazon did have something called "Amazon Coins," launched in 2013, it was just a proprietary app-store credit system—not blockchain-based—and it was officially phased out in early 2025. Now, Amazon and Walmart are reportedly exploring stablecoins of their own. These would be crypto tokens pegged to the US dollar, aiming to reduce transaction fees and streamline purchases—not speculative assets like Bitcoin, but still a major step into the crypto world.
It's good that you admit bitcoin is still above $100,000/btc for 35 days, waxy and it proves what we've always known that your ABC bullshit chart is still wrong to predict bitcoin will go below $100,000/btc and that you are still clueless waxy as you yourself admitted you cannot see how it would resolve any other way