Amazon To Accept Bitcoin? CEO Says This Crypto Economy Sector Will Explode | CryptoGazette - Cryptocurrency News

Amazon accepting Bitcoin has been one of the most important subjects in the crypto space regarding the adoption of digital assets. Check out the latest reports about all this below and see what Amazon’s CEO had to say about this crypto sector.

Amazon CEO addresses an important crypto sector

It’s been just revealed that an important exec at online retail giant Amazon stated that he believes one nascent sector of the crypto industry will continue to see extensive growth.

In a new interview with CNBC Squawk Box, Amazon CEO Andy Jassy says crypto assets should continue to grow but that non-fungible tokens (NFTs) are significantly taking off and that Amazon could one day support them.

He also said that the world’s largest online retailer isn’t close to accepting crypto assets as payments as a part of their business model yet.

It’s also important to note the fact that when he was asked if they would consider selling NFTs, he noted that it’s a legitimate possibility in the future but does not include a timeframe.

“I expect that #NFTs will continue to grow very significantly. We’re not probably close to adding #crpyto as a payment mechanism in our retail business. But I do believe over time you’ll see crypto become and it’s possible … it’s possible down the road,” says $AMZN CEO @ajassy. pic.twitter.com/6q6HVolzgU

— Squawk Box (@SquawkCNBC) April 14, 2022

More on crypto adoption

The other day, we also revealed that the Pantera Capital CEO Dan Morehead says more institutional ownership of BTC and a higher Bitcoin market value will moderate the top crypto asset’s price swings.

“While we’ve had two -80% bear markets already, I believe those are a thing of our primordial past. Future bear markets will be shallower. The previous two have been -61% and -54%. Unfortunately, there’s no free lunch. The flipside is we probably won’t see the 100x rallies anymore either.”