https://s1.postimg.org/9uch1zm9ov/amazon.jpg

That is the latest rumor swirling around Wall Street and also the cryptocurrency circles.

Well I mean besides the latest Bitcoin fork, which produced Bitcoin crap, cough cough, excuse me, I mean Bitcoin gold.

Sorry about that. :)

Don't believe me, check out the price action on it:

https://s1.postimg.org/35ip04z31b/Screenshot_129.png

It's down roughly 75% from where it started trading less than 2 days ago, and it hasn't even really been widely distributed yet...

Oy vey!

Anyways, back to Amazon.

Amazon is set to report earnings tomorrow after the bell. Which would be Thursday (10/26) afternoon for anyone into that sort of thing.

The point of interest isn't going to be the numbers, it's going to be the conference call, where many believe that Bitcoin might be discussed.

Especially after a German news paper added some fuel to the fire yesterday afternoon...

The paper reported that fintech sources in Silicon Valley were echoing previous hints uttered by investor James Altucher that Amazon could soon integrate Bitcoin as a form of payment on the site.

Saying:

"Even if the Oct. 26th date is not set in stone, Bitcoin introduction should probably be expected soon."

Investor James Altucher came out a month ago and said that it was likely on the table for Amazon.

James Altcher co-founded over 20 companies and has authored several books. He is a former hedge fund manager and is known to be quite accurate with his information in technology circles.

A blurb about his report can be read here:

https://icowatchlist.com/blog/amazon-begin-accepting-bitcoin-october/

Either way, we will know exactly how good his information is in just over 24 hours.

https://cdn.pixabay.com/photo/2014/06/06/15/11/crossed-fingers-363478_1280.jpg

Amazon responds.

Their response is exactly what one would expect from a company in their position.

"Amazon opts to include new products or services only when these are useful for our customers - until that point, we do not engage in rough speculation."

While that may not sound like all that positive of a response, it's likely not really a negative one either.

It's likely the generic response the company has to say regardless of their position.

Amazon is being pushed by competitor Overstock.com who announced they would accept Bitcoin payments way back in 2013.

Basically, ever since that time, Amazon has faced lobbying by it's users and at some point that lobbying will likely force their hand.

Will it be tomorrow?

We shall see...

Stay informed my friends.

Sources:

https://coinmarketcap.com/currencies/bitcoin-gold/

https://cointelegraph.com/news/more-rumors-amazon-could-accept-bitcoin-as-all-eyes-on-conference-call

https://icowatchlist.com/blog/amazon-begin-accepting-bitcoin-october/

Image Sources:

https://icowatchlist.com/blog/amazon-begin-accepting-bitcoin-october/

https://coinmarketcap.com/currencies/bitcoin-gold/

Follow me: @jrcornel