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.
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.