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[Strategic Tech Investor]
April 21, 2018
Dear Strategic Tech Investor,
In the special report I sent my paid-up members last week, I showed what it would mean for its price if e-commerce giants like Amazon.com Inc. (Nasdaq: AMZN) start accepting Bitcoin.
In short, Amazon's acceptance of cryptocurrencies would be a bit step toward the mainstream adoption of Bitcoin - and to a price of $100,000.
(I've figured out how Bitcoin could get there. To get my "math," [click here](.)
While in that report I predicted that Amazon would start accepting Bitcoin "soon," I didn't predict this...
Amazon just received a patent for a "streaming data marketplace" that would allow users, including individuals or online retailers, to receive real-time cryptocurrency transaction data.
Now, this doesn't mean that Amazon's 100 million-plus Prime members can start paying for their books and electronics with Bitcoin... yet.
But it does reveal Amazon foresees a day when its customers will use Bitcoin and other cryptos to make fast, cheap, secure payments.
And the Bitcoin "fix" we've been talking about for the past couple of weeks is going to get us there. (To find out more about that "fix," [click here](.)
According to the patent, Amazon has developed a streaming data analytics service that can process and stream huge amounts of data in real time for organizations grappling with all the terabytes of data they're processing in the cloud each hour.
The technology could be used to incorporate cryptocurrency transaction data.
"For example, a group of electronic or internet retailers who accept Bitcoin transactions may have a shipping address that may correlate with the Bitcoin address," according to the patent. "The electronic retailers may combine the shipping address with the Bitcoin transaction data to create correlated data and republish the combined data as a combined data stream."
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Amazon even envisions law enforcement being able to receive "global Bitcoin transactions, correlated by country, with ISP data to determine the source IP addresses and shipping addresses that correlate to Bitcoin addresses."
Clearly, Amazon is preparing for a (near) future in which people carry out their transactions with digital currencies like they would a dollar, pound, or peso. The patent also anticipates that businesses, advertisers, and others will want to track this crypto spend just as they would any other payment.
Today, only about 0.26% of the world's population - about 20 million people - own any Bitcoin.
Increasing demand just a few percentage points - by, say, Amazon opening up - is going to move the price higher.
Speaking of which, Bitcoin is up nearly 30% since April 6. Something's going on here.
Part of it is tax season being over. Part of it is big institutional investors getting involved. Part of it is Amazon's move. And part of it is folks knowing the "fix" is coming.
But the past couple of weeks' moves are going to look like small potatoes once that Bitcoin "fix" really comes into play.
This massive system upgrade to Bitcoin is poised to go live any day now - and that's changing everything. It's going to upend the way we think about not just cryptocurrencies, but also the wider set of opportunities related to the blockchain technology behind them.
And when this upgrade happens, Bitcoin is going to spike like we've never seen before. In fact, the numbers I've put together show how Bitcoin could soar to $100,000 or more thanks to this "fix."
I lay all this out during my [Bitcoin 20Ã Summit](.
To check it out - before the general public gets wise to the "fix" - just [go here now](.
Have a great weekend.
I'll see you back here next week.
LATEST REPORT
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