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The cryptocurrency group is abuzz with hypothesis that Jeff Bezos, the mastermind behind Amazon, could possibly be the newest high-profile entrant into Bitcoin investing. This hypothesis was ignited by Apollo co-founder Thomas Fahrer, who advised on X (previously Twitter) that Bezos's current monetary maneuvering could possibly be an indication of great curiosity in BTC.
Bitcoin: Has Vendor Orange-Pilled Bezos?
Fahrer's put up provocatively requested, “Is Jeff Bezos hoarding cash in Bitcoin proper now? Hanging out with Michael Saylor? Simply liquidated $8.5 billion in Amazon inventory? Sitting on money? Unlikely, he's even quicker than that. Bitcoin value surge, hinting at billionaire FOMO? One thing is going on,” highlighting Bezos' current $8.5 billion liquidation of Amazon inventory and his dinner with BTC lawyer Michael Saylor as potential proof of this new enterprise.
Is Jeff Bezos getting stacked? #Bitcoin Now?
Hanging out with Michael Saylor?
Simply liquidated $8.5 billion in Amazon inventory?
Sitting on money? Unlikely, he's even quicker than that.
Bitcoin value surge, hinting at billionaire FOMO?✔️
there’s something. pic.twitter.com/C4Aq3QKUPR
—Thomas heyapollo.com (@thomas_fahrer) 28 February 2024
The dinner, detailed in a information report, noticed Bezos and his fiancée Lauren Sanchez celebrating with quite a lot of celebrities and moguls, together with a famend Bitcoin bull bull. The assembly has fueled hypothesis about Bezos' curiosity within the digital foreign money, particularly because the vendor might be Bitcoin's greatest and most influential proponent. It's straightforward to think about that Bitcoin was no less than a quick matter of dialog given MicroStrategy's current success attributable to its huge BTC holdings.
Bit Penn, a determine of authority within the BTC group, added to the hypothesis with a scathing remark, “Final time Bitcoin reached $0.06M, Do Kwon was shopping for with faux Ponzi money. This time Jeff Bezos is utilizing his They’re making purchases with the cash discovered on the couch of the boat.
This was complemented by well-known crypto analyst InvestAnswers, who highlighted the creation of a brand new Bitcoin pockets that noticed a transaction of 51 BTC at $26,200 every, suggesting it could possibly be linked to excessive internet value traders like Jeff Bezos, Mark Zuckerberg, or Might be associated to an individual of worth. Even a sovereign wealth fund, on condition that the pockets was not linked to any ETF.
monster $1.3bn #Bitcoin Purchase- 26,200 $BTC At $51K.
Appears to be like bullish, most likely SWF, Jeff Bezos, Zuck, or another HNW man. 🚀 PS This isn’t an ETF pockets. pic.twitter.com/HEpWzEIQRJ– InvestAnswers (@invest_answers) 23 February 2024
The foundation of this hypothesis lies not simply within the feedback of Fuhrer or analysts however in Bezos's current actions within the monetary market. Bezos bought about 50 million Amazon shares in February, value a complete of about $8.5 billion. The transfer comes after a big rise in Amazon's inventory value, which has risen greater than 76% previously yr. Regardless of this huge sale, Bezos stays the biggest shareholder in Amazon, with a internet value of greater than $190 billion.
The timing and scale of Bezos' inventory sale, coupled with the undisclosed however enormous Bitcoin buy, is giving rise to widespread hypothesis. “Monster $1.3bn Bitcoin buy – appears to be like bullish, most likely SWF, Jeff Bezos, Zak, or another HNW man,” famous InvestAnswer highlights the dimensions and potential impression of such transactions on the BTC ecosystem.
Regardless of wild hypothesis, there is no such thing as a concrete proof straight linking Bezos to BTC investments. The group is analyzing for extra clues.
At press time, BTC traded at $62,566.
Featured picture from Euronews.com, chart from tradingview.com