Doc's Daily Commentary

Mind Of Mav

Bitcoin Tops $40k Again – Bezos Looking At Crypto?

After weeks of trading sideways and battling to stay above $30,000, Bitcoin has enjoyed double-digit gains over the past 24 hours — taking it over $40k for the first time in over 6 weeks.

BTC’s surge means that it has comfortably outperformed the likes of ETH, BNB, and ADA.

It seems that the latest surge can be linked to a new Amazon vacancy for a digital currency and blockchain product lead — indicating that the eCommerce giant is looking seriously into crypto payments.

One of the main responsibilities for this role will be developing the company’s roadmap — setting out which capabilities should be built, and persuading Amazon’s leadership to get on board.

Excitement Builds 

Meanwhile, a report from London’s City A.M. has claimed that Amazon is looking to accept Bitcoin payments “by the end of the year” — and could launch its very own token as early as 2022.

“It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top… Jeff Bezos himself.” The insider also explained that directors of the world’s fourth largest company were keen to move towards ticking off other big cryptocurrencies once it had established a fast and secure method of Bitcoin payment. “Ethereum, Cardano and Bitcoin Cash will be next in line before they bring about eight of the most popular cryptocurrencies online,” she added.

“It won’t take long because the plans are already there, and they have been working on them since 2019.

The insider told the newspaper that the directive is coming from Jeff Bezos, who recently stepped down as Amazon’s CEO, adding:

“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future — this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work.”

The report also claims that Amazon has been working on these plans since 2019, and approximately eight cryptocurrencies will be supported as a payment method. Others are said to include Ether, Cardano and Bitcoin Cash.

We’ve seen rumors circle around before — Apple springs to mind — but this feels different because of the high-profile job vacancy that has been publicized.

Given how we’re midway into 2021, and Amazon is only beginning to hire a digital currency and blockchain product lead now, timings could also slip a little.

Today’s market activity goes to show that Bitcoin needed a bullish announcement from a mainstream giant in order to regain its momentum. Such upbeat news hasn’t been forthcoming of late, especially against a backdrop of regulatory drama.


The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)


Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

View V3 Portfolio (Phase 1) by clicking here.

Read the V3 Portfolio guide by clicking here.

What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

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The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)


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Read about building Crypto Portfolio Diversity by clicking here.

What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:



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