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Listen: Is Amazon preparing to accept bitcoin? This decision hints at ‘yes’

Glenn Beck
HONG KONG - FEBRUARY 28: A worker holds a sign at the first bitcoin retail store open in Hong Kong on February 28, 2014 in Hong Kong. Asia Nexgen, a Hong Kong based bitcoin exchange has launched a physical store enabling customers to purchase bitcoin and store it in their digital bitcoin wallets. Bitcoin Group HK and Hong Kong Bitcoin ATM plan to launch bitcoin 'ATM's machines in the area. in 2008 Bitcoin was launched as an alternative currency, with the commodity boasting the ability to be transferred without the need of the traditional monetary banking system. (Photo by Lam Yik Fei/Getty Images)

Preparing for cryptocurrency – or just protecting its brand? Amazon’s decision to purchase amazonethereum.com, amazoncryptocurrency.com and amazoncryptocurrencies.com has sparked more speculation that the online marketplace will accept bitcoin and other digital currencies in the near future.

On today’s show, Glenn talked about the story and also shared his advice on bitcoin. Yes, buying in is a good idea – as long as it’s money you can afford to lose.

“This is not something I look at as an insurance policy; I look at this as one of those crazy bets,” Glenn said.

In case you were wondering, Amazon bought AmazonBitcoin.com three years ago. The url currently directs users to Amazon.com.

To see more from Glenn, visit his channel on TheBlaze and listen live to “The Glenn Beck Radio Program” with Glenn Beck and Stu Burguiere weekdays 9 a.m. – 12 p.m. ET on TheBlaze Radio Network.

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