Bitcoin Forum

Walmart's department store chain, one of the largest chain stores in the world, is looking to hire a cryptocurrency specialist. After the news, the price of Bitcoin reached above $48,000.

In its hiring ad, Walmart said it wants to hire someone for the job position of director of blockchain products and cryptocurrencies, according to YouTube. This led to the growth in the price of Bitcoin and its passage of $48,000. Each unit of Bitcoin is currently trading in the range of $47,600.

Walmart said in its ad that it is looking for an "interested" and "enthusiastic" person in the field of cryptocurrencies to develop the company's strategies in relation to cryptocurrencies.

Establishing partnerships in cryptocurrencies and investing in this area will be among the duties of Walmart's new director of cryptocurrencies.

Walmart has been testing the use of blockchain in its business for years. In 2018, the company had used blockchain to intercept food in a pilot program in collaboration with IBM.

https://arzdigital.com/walmart-job-ad-makes-bitcoin-revisit-48000/

That's not the likely cause of the increase of bitcoin, that's just a coincidence or an additional factor as to why the market is still going strong currently that the Walmart just helped made it go up if it really did help.

Not sure why, being the referenced link you provided having an English name based URL, I seeing the content in another language. One can always resort to Google to get the site translated though:

https://translate.google.com/translate?hl=&sl=auto&tl=en&u=https%3A%2F%2Farzdigital.com%2Fwalmart-job-ad-makes-bitcoin-revisit-48000%2F.

I don’t know whether the referenced media has any prestige and punch out there, but the attribution of a certain price movement to a job offer (and this one in particular) does not seem to fit the profile of being a trigger nor the root cause.

Tip: Although you do include a reference to the article, the text in the OP is very similar to that of the Google Translated version I provided above. Since the news is echoed by the media in abundancy, it does not constitute something that should warrant a copy/translate/paste+link. It’s way better to make it your own, and summarize, question, criticize, or provide your personal opinion on the matter at hand.

Walmart is very popular, and if it considered Bitcoin as payment, that would be huge news. Looking for one person to explore cryptos, however, is far from that. "Identifying crypto-related investment and partnerships" (https://www.cnbc.com/2021/08/16/walmart-is-hiring-a-crypto-expert-amid-growing-interest-in-bitcoin.html) could be about making their own digital currency or about investing some revenue in cryptos. It's also not looking very good that the link to Walmart's website that some publications provide is dead, so they either moved or (more likely) deleted that job offer altogether. That being said, I did find one job offer  (https://careers.walmart.com/us/jobs/WD597886-usa-senior-manager-ii-global-communications-ca-corporate-affairs-store-no8-senior-manager-content-communications)by Walmart (but I really don't think it's the one from the news) that requires being:

This is quite good news for the market and is a supporting factor for today's price increase.  Fundamental issues like this are urgently needed to return BTC prices to their highest peaks.  Moreover, the current China issue is no longer being ignored by the market because it ended yesterday.  Walmart's seriousness in recruiting new employees in the crypto field will bring a new era for Btc.

Walmart a department store started using bitcoin as payment this is something of an interesting and crazy innovation for other department stores. This will be the first step to starting something new, I hope all department stores will adapt crypto payments because it will change the unique value of payments. This is a factor that makes the value of BTC increase.

Dumb shills. Bitcoin is useless. Nothing more than a tool for speculative idiots. Satshi who?  What is bitcoin backed by? Absolutely nothing. At least fiat is backed by a nations economic prowess. We are building a new stablecoin that will be 100% backed by dollars. A currency backed by the worlds largest economy. Unlike useless bitcoin. This is the future.  Reply for more info

It is good that they are now realizing that they have to adopt Bitcoin now, I welcome them. On the behalf of your post, Walmart is concerned about Bitcoin
after seeing its price is recovering and growing continuously. That means they are was in observation mode during the last couple of months,
So, it is pretty much sure though I appreciate them but their such kind of action didn't have any impact to make the market bullish,
where the bullish market is forced them to think about Bitcoin and to adopt it. Now the market is growing without any kind of social influence and it is a solid trend.

No it's not an innovation, this has been done by small companies and other small e-commerce already so there's nothing special about them adapting the system. It's not the first step, you make it look like Walmart is the Genesis of bitcoin payment when it's not, the innovation is a continuous process and along the way, big companies will get in and that's what's happening right now.

So every time Bitcoin price rises, it's because some supermarket or corporations joined the Bitcoin train?

Honestly, I don't know how people always bring up this shit. " Bitcoin price rose because Walmart did this" "Bitcoin price dropped because Elon tweeted this"
My question is can't Bitcoin just rise and drop without any reason getting attached to it?

If this were the case but it is not, it is purely coincidental that the price of bitcoin skyrockets due to a store known as Walmart posting a job offer in search of a blockchain expert in order to include the payment method with bitcoin and cryptocurrencies.

I am happy with the news because bitcoin will be more known and those who have not tried to access money without the power of centralism, will have the opportunity to know the benefits of investing in bitcoin and how powerful it is to send money around the world without barriers as a example.
It is a satisfying experience to see how Bitcoin advances in these new stages in which institutions are embracing bitcoin.

This news has been from several days ago. As also stated in this news:
https://theamericangenius.com/finance/walmart-cryptocurrency-lead/

But, if we know the news, it is about a career open in Walmart to hire a digital currency and cryptocurrency lead.
It may be good news, but can it really give that impact? For, Bitcoin price has started rising up before this news also.

This is very big news for bitcoin and other crypto. Specially at this time when market is bulish it can cause bitcoin  to hit 50k$ soon. But still chances it may ve rumour like Amazon News.

I knew I loved Walmart, LFG Bitcoin

Totally agree 👍 just image if one major company like Walmart, just hint about taking steps to accept Bitcoin and as a result of that we have a 10% gain in price. Think about that let it sink in. When others follow the same path its gonna be crazy rally for sure.

Excuse me what? Do news sites have no articles to write that they have to force such an argument? It's good news possibly yes, Actually wait hold up now that I read it carefully again they are looking for a crypto specialist, I can't even fathom how this became related to the growth of Bitcoin. If job ads were a way to increase Bitcoin price, then hell a lot of people would be quite rich now ngl. Walmart accepting Bitcoin might even generate more news and more positivity towards Bitcoin than this tbh.

We are talking about one of the largest corporation here and them hiring someone that is cryptocurrency specialist spells something nice about the market. Though I doubt it's the reason why Bitcoin is rising right now. I don't really know the reason but a news like this can't really control the price of Bitcoin significantly. There must be something bigger happening.

This is nice formation, though people likely purchase BTC whenever they obtain information that any big company want to enroll into cryptocurrency, really cryptocurrency is a vital currency which no financial buoyant company that will not develop interest to adventure into it.

Walmart hiring someone who help to manage or transact into bitcoin is the same as they have multiple bitcoin, so with that scenario that they have adventure into bitcoin fully its obvious that it will make the price of bitcoin to get elevated, because even when we got information that Amazon have accepted transaction with cryptocurrency more especially bitcoin it made btc to come up with price that period.

Yeah! looks like the bullish market in 2021 is still ongoing and we might experience more increase in the upcoming months. as we are closed to the last quarter of the month, the crypto market will go unstoppable if things like this won't stop. I mean, this is what we really need, good news one after another. I think this time no tweet will turn the crypto market upside down since they already know that it was just mere speculation by someone and is not a fact. They don't need to withdraw their crypto assets with those kinds of tweets.

Even if you look at this news to not be the real cause of the price spike, the community will still look at it as positive news for the adoption. Wallmart accepting Bitcoin as payment for the products sold in the market is really astonishing.

There could be a decline for sometimes but I think we will reach the ATH again in months. Cryptocurrency is remaking the world while we are trying to recover from this catastrophic pandemic.

We should never underestimate the internal power of riches and what they are doing behind the scenes.  :)
Walmart has also increased their power of selling through Indian market by acquiring the FLipkart a marketplace (first of its kind) started in India. They have boosted the sells heavily and if Walmart come up with any crypto related payment solution then this will be applicable to Indian market too under the brand name of Flipkart.

I think with this, more crypto enthusiastic would start believing in the crypto market in no time and begin their investments here. Just imagine, walmart shares in crypto!

As long as EM don't make any silly tweet after he sell some of his BTC like he used to do. After Amazon, then the Wallmart is hiring for a specialist position in Cryptocurrency will show us that the big company has realize Crypto has been a trend for all especially BTC. We know BTC is not a scam and really interesting invention which has changed new finance system mindset. As long as people are more and more in touch with BTC then mass use is unavoidable.

The market has fuds in different levels: personal fuds from influencers, KOLs. Institutional fuds (Tesla, JP Morgan, Grayscale, etc.) and governmental fuds (from China, the US., Russia, SEC, etc.)

The same for good news with future development, adoption, investment and so much others.

I don't think the market will be manipulated only by Elon Musk and he will not have a position as biggest influencer in the crypto market like now.

I strongly suspect that Walmart is planning to accept Bitcoin and other cryptocurrencies sometime this year. While the focus has been on Amazon, it looks as of Walmart was silently making their moves on cryptocurrency. Anyway, within the next 6 to 12 months, we are going to witness a number of major retail chains (both online and offline) accepting Bitcoin. And if just an advertisement can cause this sort of price movement for BTC, you can imagine what will happen once they actually start accepting Bitcoin as a mode of payment.

To expect all department stores to accept bitcoin, of course it is not an easy thing and also takes a long time. big companies are starting to study bitcoin and cryptocurrencies.

Walmart is an example of an e-commerce company that is able to adopt bitcoin. other companies will certainly follow in Walmart's footsteps and bitcoin will become more and more widely known and used. But Fiat is still the first.

Honestly speaking it's a well-known fact today that almost all the companies are doing some development into cryptocurrencies or at least exploring blockchain as a technology to streamline their processes, I don't really think that merely because Wallmart has a job opening for a blockchain Director that is why Bitcoin has pumped up in price. Some people like to reason the price rises but I think the market flows quite freely and away from all these speculations, at best this speculation can bring a one-time move of 400-500$ and that's it. Also one can assume that they might be starting to accept cryptocurrencies while one reason could be that they might have decided to start using blockchain to store their store data and transactions. Blockchain is a beautiful technology everyone wants to lay their hands on.

To expect all department stores to accept bitcoin, of course it is not an easy thing and also takes a long time. big companies are starting to study bitcoin and cryptocurrencies.

Walmart is an example of an e-commerce company that is able to adopt bitcoin. other companies will certainly follow in Walmart's footsteps and bitcoin will become more and more widely known and used. But Fiat is still the first.

I think this type of news is very good, but what I keep asking myself is this: because the price increases a lot whenever there is this type of news and most of the time it takes a long time for such companies to effectively start to use bitcoin on their websites and few people take bitcoin to buy things because they prefer to hodl to make a lot of profit. so i wonder why the price increases when there is this kind of news, what is the rationale for people to buy a lot when there is this type of news? Will people be thinking that this kind of news will bring a lot of demand for bitcoin? I confess that I can't understand

Bitcoin is currently priced at 49,255 dollar in cryptocurrency.  The price of Bitcoin is currently moving upwards due to which the price of Bitcoin is going to increase day by day.  These are all investors who are investing here.

At present all the coins other than Bitcoin are Elotcoin.  This is because the current rise in the price of Bitcoin increases the price of all other areas in the cryptocurrency.  Brother we should increase the demand towards ATH Coin.

Seems, no. Bitcoin is hugely manipulated, especially right now when a lot of people entered the market from the 2017s and most of current investors are just people who dream to become rich overnight.

Just see yourself, dogecoin - a shit coin had enormous rise because of Elon's tweets. Bitcoin felt by 50% because of Elon's tweet and when it tried to rebound, then China's announcement fatally kill this chance. It was still falling but rumors about amazon accepting cryptocurrencies instantly increased the price and the positive trends seems to still continue.

I don't think that this is the reason why the price moved that way, the news about Walmart and crypto is not new and i really doubt that they will be going to make bitcoin as a payment method, instead they probably will make their own digital currency, the price change that happened was random and not related to any news .

Sorry to rain on your parade but don't you realize that the majority of Walmart shoppers are in rural areas where a lot of people don't even know how to use a smartphone (for anything other than calling, text, and social media), or even own one? Then how will those people be able to pay Walmart in BTC in the first place?

This applies to the other shopping centers there too and not just Walmart.

I also think that this not the main reason why bitcoin continues to move upward but this is also a small factor that contributes to its pump. So whatever news that attributes to crypto will have an effect to the market be it positive or negative. And this news about Walmart is definitely one of them.

If Walmart will create their new digital currency, i think it will still be a copy from bitcoin but the question is if people will patronize it or they just stick to its physical money. Crypto adoption even in big companies has already become mainstream and i know even if they come out creating their new one, bitcoin will still have a great impact on their new venture.

It is doubtful that the price of bitcoin went up over so little, maybe a few years ago we could have made that kind of connection as the adoption was still very low but now that there are so many people in this market something so small is not going to push the price up at all, however I think that if Walmart announced that they will accept bitcoin online and on their psychical stores all over the world then that could be enough to push the price up.

We can presume but it wont really be the exact reason on why we are currently here on this present price of Bitcoin.Come to think that it could move without any basis or news or fundamentals behind and to think

that this market had involved lots of traders who do buy and sell in the market and if there are some significant price change then it doesnt always mean that those new of adoption or positive ones are the main reasons
but at least we are seeing that they are really going to the positive side.

Whenever we do see positive price then its just unavoidable to make those assumptions.

I also don't think that it is the major contributor of the positive rise of btc in the market. It is more of combination of positive news coming from different developments around crypto market. But we always accept this kind of progress as it means, it may contribute to new crypto users in the future. There are many companies now that are looking at crypto involvement in their payment system.

It’s been a long time that I have been seeing news about Walmart and blockchain and cryptocurrency, maybe they are finally ready to start making use of the Blockchain and cryptocurrency in their business and have setup the necessary things that will help them proceed with this step, which might be why they have started looking for an expert in this area. Who knows, maybe very soon they are going to start offering services that will have to do with blockchain and cryptocurrency ; they might accept bitcoin as a mode of payment. Bitcoin has gotten passed that rate of $48,000 but now is at below $47,000.

- Agree, the argument that Walmart's hiring is influential is too loose and disconnected because on the technical side, the lines of resistance as well as support before this news appeared, there are almost signs of bitcoin rebounding after being stalled by invisible repressions, so this roadmap has been adopted and there is no need for Walmart. Besides, the title is clearly just a recruitment, without giving exact time for the job and purpose, a blind bomb for both the community and bitcoin

I am certain that there may be a correlation but I doubt if the job ad actually caused the price pump, the price has stayed low long enough. It’s also a big deal for Walmart to be in the crypto space. It’s comforting.  Well keeping my fingers crossed hoping it’s not one like the “Amazon crypto” story.