Amazon won’t Accept Bitcoin , at least for now

     A rumor has been circulating that claims Amazon will decide to accept bitcoin within the near future, potentially as early as October. Unfortunately, this rumor is based on a misleading blog post and is almost certainly false.

     The report, which was first published by conservative news blog Squawker Media, cites a newsletter purportedly written by entrepreneur and stock researcher James Altucher. In the newsletter, the author claims complete assurance that Amazon will begin accepting bitcoin payments, initiating a massive disruption in the monetary sector.

     However, as CCN has discovered, Squawker misrepresents the source of their article. In fact, the source is actually an advertisement for a subscription to Altucher’s newsletter and cryptocurrency “masterclass.” To pass it off as a newsletter, the advertisement was selectively cropped to remove any mention of what Altucher is trying to sell.

     When viewed in context, it is clear that Altucher is making a hard sell. He states that he is certain Amazon will accept bitcoin–which very well may be true. However, he does not offer evidence to this effect–other than the trajectory of the crypto markets, nor does he give a specific timetable for Amazon to make the announcement.

     Squawker did not immediately respond to a request for comment and Amazon has made no public statements suggesting they will implement bitcoin payments.

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Written by Brad Chillum

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