๐Ÿš€ Is Amazon Adopting A Bitcoin Standard

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Deep Dive
Beloved Bitcoiners!

It is Monday again! The weekend was nice in terms of the bitcoin price, but if we focus on the longer time frame, it is a natural thing that should eventually happen; the price of bitcoin going up.

Of course the development is not stopping, so we aren't either because we want to keep you informed.

- Bam
Today's Rundown:
  • Is Bitcoin The Amazon Standard? Amazon shows interest in Bitcoin.
  • Bitcoin Is Beautiful. A look at Bitcoin art and Jordan Peterson.
  • Opening To Mainstream. Bitcoin ATMs popping up.
  • American Interest Triples. Investors are warming up to bitcoin.
Read the words and click the links.

IS BITCOIN THE AMAZON STANDARD

Amazon Is Getting Serious About Accepting Bitcoin For Payment
By Alex Mcshane

Amazon has begun its search to hire a Digital Currency and Blockchain Product Lead, to enable modern and inexpensive payments on Amazon.
 

Back in 2017, Amazon started purchasing bitcoin related domains. After an interview with Amazon Pay's Vice President, Patrick Gauthier, explained that the company had no plans to accept Bitcoin because there wasn't enough demand yet. Now, things are different, and with institutions and banks joining the open monetary network it does make sense to get on board before competitors.

This last week, Amazon has begun its search to hire a Digital Currency and Blockchain Product Lead for its Payment Acceptance & Experience Team, the team responsible for facilitating billions of online customer payments. If Amazon were to adopt bitcoin as a means of payment, this would surely introduce millions of users and validate its value for a part of the skeptical population, a major step towards establishing a bitcoin standard.

 

Read More →

BITCOIN IS BEAUTIFUL

Bitcoin Artwork Will MakeYour Life Beautiful
By Nelson Chen

Artwork inspired by Bitcoin carries an essence of beauty created by the technological revolution at hand.

This article is part 8 of 12 in an ongoing series that parallels Bitcoin and writings by Jordan Peterson. While the article is on point, I can't help but comment on the beautiful art featured in the article. 

Earlier this year at Bitcoin 2021 conference we had a dedicated art gallery that showed the art featured in the article. Artists have been creating Bitcoin inspired art for a long time, but we've hit a new level of excellence over the past 2 years.

We're seeing the emergence of auction platforms and NFT's for Bitcoin art which is a telling sign. The market is maturing and the quality is going up (Quality Go Up = QGU).

Personally, I am challenged with the idea of stacking sats or picking up a piece of art. I mean, I still stack sats but you should enjoy life and encircle yourself with people and objects that inspire you!

Read More →

THE DAILY BITS

Your daily signal dose:

1. Taking a look at some of the structural changes in the bitcoin derivatives market over the course of 2021 and what they mean.

2. Jack Dorsey sees Bitcoin as part of a larger trend in technologies now impacting mainstream businesses that includes "AI, decentralization and the internet."

3. Edge Wealth Management has disclosed it holds 54,134 shares of Grayscale Bitcoin Trust in a filing with the SEC, a more than 40% increase since last quarter.

4. Personalized authentic engagement design integrated into Bitcoin paradoxically transforms aspirations into unintended outcomes.

5. Fantasy football players and Bitcoiners use the same strategic thinking principles when building for an uncertain future.

6. The "total amount of coins transferred on chain," metric is equivalent to 70% of the United States Gross Domestic Product.

7. Bitcoin has faced many challenges before, but it seems that the free market repeatedly creates innovative solutions to these.

OPENING TO MAINSTREAM

Bitcoin ATMs Are Popping Up To Meet Demand And Propel Mainstream Adoption
By Namcios

Bitcoin ATM units in the U.S. have nearly doubled in a year, indicating a growing demand from retail investors who seek convenience.

The U.S. has more than doubled its number of bitcoin ATMs in less than a year, amounting to over 38,000. As bitcoin's popularity grows further, its demand does so in parallel and its accessibility must follow. Circle K, a convenience store chain, has previously announced its partnership with Bitcoin Depot to bring ATMs to its stores, with 700 machines already installed.

Bitcoin ATMs have proven to be a convenient way to onboard users directly to a self custodial wallet, opposite to exchanges where users start without holding their own keys. It does, however, come with a cost, since ATM fees are usually higher than exchange fees. 

Read More →

SPONSORED BY DEEP DIVE

AMERICAN INTEREST TRIPLES

Bitcoin Ownership In The U.S. Has Tripled Since 2018, A Gallup Survey Found
By Namcios

A Gallup survey found that the number of American investors holding bitcoin has tripled in three years, while skepticism has declined.

After a recent survey, Gallup found that people are considering bitcoin less risky and in general found themselves more open to the idea to it by either already owning some or considering owning some sometime in the future. Some of the most amazing statistics showing the trend bitcoin adoption are the following:

  • 6% of U.S. investors in 2021 own bitcoin, while in 2018 the number was 2%.
  • 13% of adults from 18-49 y/o own bitcoin, while in 2018 the number was 3%.
  • 8% of the interviewed in 2021 have more than $100,000 of total investments, compared to 2% in 2018.
As the community who owns bitcoin increases, word of mouth exposure does as well. If this is where we are now, think about where we are going. Things look promising.
Read More →

MEME OF THE DAY

By Bitcoin Magazine

Let's not let price action distract us and continue learning, educating and building.

Enjoy the pump and keep stacking!

5 DAYS LEFT ON THIS GIVEAWAY

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