Did the price increase of Amazon Prime in 2017 affect the adoption of cryptocurrencies?

3 answers

• THITANUNT CHANEWDec 08, 2022 · 3 years ago
  The price increase of Amazon Prime in 2017 did not have a direct impact on the adoption of cryptocurrencies. The two are separate entities and their relationship is not significant enough to cause a noticeable effect on each other. Cryptocurrency adoption is influenced by various factors such as market trends, government regulations, and technological advancements. While Amazon Prime is a popular service, its price increase alone is unlikely to have a significant impact on the adoption of cryptocurrencies.
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• Nicolas EymaelJun 10, 2020 · 5 years ago
  No, the price increase of Amazon Prime in 2017 did not affect the adoption of cryptocurrencies. The decision to invest in cryptocurrencies is driven by factors such as potential returns, market volatility, and individual risk appetite. The price increase of a subscription service like Amazon Prime is not directly related to the decision to invest in cryptocurrencies. Therefore, it is unlikely that the price increase had any significant impact on cryptocurrency adoption.
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• Mauro VargasDec 30, 2020 · 5 years ago
  The price increase of Amazon Prime in 2017 may have indirectly affected the adoption of cryptocurrencies. As the cost of Amazon Prime increased, some individuals may have looked for alternative ways to save money or invest their funds. This could have led them to explore cryptocurrencies as a potential investment option. However, it is important to note that this would be just one of many factors influencing cryptocurrency adoption, and the impact would likely be minimal compared to other factors such as market trends and regulatory developments.
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