Amazon CEO Andy Jassy told CNBC on Thursday that, although he does not personally own bitcoin or other nonfungible tokens, he is bullish about their future.
“I don’t have bitcoin,” Jassy declared during a “Squawk Box” interview with CNBC’s Andrew Ross Sorkin.
“We’re not probably close to adding crypto as a payment mechanism in our retail business, but I do believe over time that you’ll see crypto become bigger,” Jassy remarked in his first annual shareholder letter after succeeding Amazon founder Jeff Bezos.
Amazon has already shown interest in cryptocurrency. It sought to hire a digital currency and blockchain specialist last year to assist in the development of Amazon’s “strategy and product roadmap” for the technology.
“You know, I expect that NFTs will continue to grow very significantly,” Jassy remarked on Thursday.
He anticipates that the e-commerce behemoth will eventually sell NFTs. NFTs are digital assets that are registered on a blockchain and may vary from music to a website name to digital artwork.
“I think it’s possible down the road on the platform,” he said.
NFTs have gained popularity over the last year, and the technology has potential applications for cryptocurrency aficionados. Nonfungible.com reports that NFT trading reached $17.6 billion last year, a 21,000 percent increase over 2020.