Eat your heart out Jamie Dimon and those who mocked the guy who sold everything — shoes, even the kids toys — and moved his family to a campsite to wait for the bitcoin boom.

Well, he’s maybe doing a jig around the campsite this morning, as bitcoin shot past $5,000 earlier in Europe trading hours. It’s been fist-bumps and high-fives all around, and a few told-ya-so’s tossed in the direction of Wall Street:

Some say the FOMO (fear of missing out) is going to keep pushing this thing higher. In any case, here’s what that chart looks like now, as bitcoin rides the momentum well past $5,100.

BItcoin’s next leg higher?

It’s perhaps time to take another look at what former hedge fund manager Michael Novogratz had to say on Tuesday when he predicted bitcoin could hit $10,000 or more in the next six months. He’s setting up his own $500 million cryptocurrency fund. “I can hear the herd coming,” he told CNBC.

On to our call of the day from Naeem Aslam, who thinks he has a pretty good idea of what will take bitcoin into the stratosphere. “If Amazon successfully implements and brings bitcoin on their platform, it would only be a matter of time before we hear eBay making a similar announcement,” says Aslam, chief market analyst at Think Markets UK.

Indeed, there have been rumors about Amazon AMZN, -1.78% making the holy-grail move — that is, accepting bitcoin on its platform.

“According to some who think the rumors are true, Amazon could make the announcement to accept Bitcoin as early as during their next investor call scheduled for October 26,” according to Giesbers Investments, in a blog post for Seeking Alpha.

But why stop there? Alibaba BABA, -1.20% is Asia’s biggest online shopping platform, and it seems logical they’d accept it next, says Aslam.

“Retailers scrambled on Alibaba platform to sell their products, and its revenue for Single’s Day in 2016 ($17.8 billion) surpassed the previous year by $3.5 billion dollars. This really gives you the scope where the price of bitcoin could go, if Alibaba and eBay EBAY, -0.06% add bitcoin to their list,” he notes.

Aslam said he’s got a *year-end target of $7,000 for bitcoin*, and those tech giants getting on board would help the cryptocurrency get there.

Now that we’ve got visions of bitcoin riches dancing in your head, it’s time to come back to earth a little. Wall Street managed a trifecta of closing records yesterday, but earnings season is about to land big time, and banks are in the spotlight. Watch J.P. Morgan Chase and Citi today.

Key market gauges

It’s looking like a bumpy start for stocks with the Dow DJIA, -0.87% , S&P 500 SPX, -1.11% and Nasdaq COMP, -1.07% all lower. Gold US:GCZ7 and silver US:SIZ7 are up, while the dollar DXY, +0.03% is struggling a bit after signs in yesterday’s Fed minutes that the central bank is a bit nervous about inflation. The pound GBPUSD, +0.04% took a hit on concerns Brexit talks have hit a wall.

WTI crude US:CLZ7 and Brent UK:LCOZ7 are taking a spill on glut worries. Europe SXXP, -0.66% is a mixed bag, while Asia markets ADOW, +0.33% finished the day mostly higher.

See the Market Snapshot column for more.

Read:These small-cap and mi-cap companies have a lot riding on Trump’s tax cut

The buzz

J.P. Morgan JPM, -0.21% shares are getting dinged as earnings rise, but trading was weak. Citigroup C, -1.47% got a lift after an earnings beat. Domino’s DPZ, +0.63% beat profit and sales forecasts, but is still getting knocked.

Read:Bank earnings — ‘Lower for longer’ means buybacks will continue

AT&T T, -0.48% , J. Jill JILL, +3.48% and Juniper Networks JNPR, +0.04% each issued profit warnings late Wednesday, and they’re all taking a hit this morning.

Spark Therapeutics ONCE, +2.54% shares have been halted on news an FDA advisory committee is reviewing its gene therapy treatment for eye disease..

Car Gurus CARG, -2.26% is due to start trading on the Nasdaq Thursday after pricing its IPO shares above the expected range.

Read:JOBS Act is causing IPOs to be underpriced, but execs still benefit

Amazon AMZN, -1.78% plans to add 120,000 jobs this holiday season.

Data shows jobless claims fell to a 44-year low, and producer prices zipped higher.

Beware of the CEO who can’t speak plain English. It may bode badly for shareholders.

The stat

Garbage floats in the water near Jakarta, Indonesia Getty Images

10 — That’s how many rivers, mostly in Asia, may be to blame for 4 million tons of plastic that ends up in the oceans every year. “Reducing plastic loads by 50% in the 10 top-ranked rivers would reduce the total river-based load to the sea by 45%,” said the German scientists rom the Helmholtz Centre for Environmental Research and the Weihenstephan-Triesdorf University of Applied Science, in a new research paper.

The quote

US President Donald Trump speaking in Middletown, Pa., Oct. 11, 2017 Getty Images

“So you could say, in one sense, we’re really increasing values. And maybe in a sense we’re reducing debt. But we’re very honored by it.” — That was President Donald Trump talking to Fox News’s Sean Hannity last night, suggesting that the stock market’s $5.2 trillion in gains since his election could perhaps offset the amount of national debt.

Meanwhile, a Republican senator has weighed in on Trump’s threat over NBC’s license:

Random reads

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Mandalay Bay staff didn’t call the cops even after a security guard was shot

Trump to start unwinding Obamacare with executive order today

Rose McGowan, who has spoken out against Harvey Weinstein, was suspended from Twitter

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