According to the job description — which was widely reported in various media outlets late last week — the executive would be expected to help Amazon’s payments team develop “new capabilities.” The company did not immediately respond to a request for comment.

Buoyed by Musk and Dorsey

That came in contrast to a crypto downturn early last week, as investors were rattled about the Delta variant of the coronavirus. Bitcoin at the time fell below $30,000.

But then “Elon rode to the rescue,” according to Craig Erlam, a senior market analyst at Oanda.

“Cryptocurrencies were given a helping hand by their old friend Elon Musk … and it couldn’t have come at a better time,” Erlam wrote in a note over the weekend. “The near-term outlook is looking a little brighter for cryptos.”

Dorsey, meanwhile, told investors and analysts last week that bitcoin could become a major part of Twitter’s strategy going forward.

“There are three trends relevant to Twitter and you, our shareholders: AI, decentralization and the Internet finally having access to a global native currency in bitcoin,” Dorsey said on an earnings call last Thursday. “We intend to lead the way in each.”

“I think this is a big part of our future,” he declared. “There’s an obvious need for this and appreciation for it.”

— Clare Duffy contributed to this report.