The cryptocurrency group is abuzz with hypothesis that Jeff Bezos, the mastermind behind Amazon, will be the newest high-profile entrant into Bitcoin funding. This conjecture was ignited by Thomas Fahrer, Apollo co-founder, who advised on X (previously Twitter) that Bezos’s latest monetary maneuvers could possibly be indicative of a major curiosity in BTC.
Bitcoin: Has Saylor Orange-Pilled Bezos?
Fahrer’s publish provocatively requested, “Is Jeff Bezos piling into Bitcoin proper now? Mingling with Michael Saylor? Simply liquidated $8.5 billion in Amazon inventory? Sitting on money? Unlikely, he’s sharper than that. Bitcoin’s worth pump, hinting at billionaire FOMO? One thing’s up,” highlighting Bezos’s latest $8.5 billion liquidation of Amazon inventory and his dinner with BTC advocate Michael Saylor as potential proof of this new enterprise.
Is Jeff Bezos piling into #Bitcoin proper now?
Mingling with Michael Saylor? ✔️
Simply liquidated $8.5 billion in Amazon inventory? ✔️
Sitting on money? Unlikely, he is sharper than that. ✔️
Bitcoin’s worth pump, hinting at billionaire FOMO?✔️
One thing’s up. 🤔 pic.twitter.com/C4Aq3QKUPR
— Thomas | heyapollo.com (@thomas_fahrer) February 28, 2024
The dinner, detailed in a information report, noticed Bezos and his fiancée Lauren Sanchez rejoice with a litany of celebrities and moguls, together with Saylor, a widely known Bitcoin bull. This rendezvous has fueled hypothesis about Bezos’ curiosity within the digital foreign money, particularly since Saylor is probably Bitoin’s largest and most eloquent proponent. It’s straightforward to think about that Bitcoin was a minimum of a quick subject of dialog given MicroStrategy’s latest success because of its large BTC holdings.
Bit Paine, a determine of authority within the BTC group, added to the hypothesis with a tongue-in-cheek remark, “Final time Bitcoin hit $0.06M, Do Kwon was shopping for with pretend Ponzi money. This time Jeff Bezos is shopping for with cash he discovered within the sofa on his yacht.”
This was complemented by InvestAnswers, a identified crypto analyst, who highlighted the creation of a brand new Bitcoin pockets that noticed a transaction of 26,200 BTC at $51K every, suggesting it may belong to a excessive internet price particular person like Jeff Bezos, Mark Zuckerberg, or perhaps a sovereign wealth fund, given the pockets was not related to any ETFs.
Monster $1.3BN #Bitcoin purchase – 26,200 $BTC at $51K. Seems bullish, maybe SWF, Jeff Bezos, Zuck, or another HNW particular person. 🚀 PS this isn’t an ETF pockets. pic.twitter.com/HEpWzEIQRJ
— InvestAnswers (@invest_answers) February 23, 2024
The foundation of this hypothesis lies not simply in Fahrer’s or analysts’ feedback however in Bezos’s latest actions within the monetary market. Bezos offloaded about 50 million Amazon shares in February, totaling round $8.5 billion. This transfer comes after a major appreciation in Amazon’s inventory worth, which surged greater than 76% over the previous yr. Regardless of this large sale, Bezos stays the most important shareholder in Amazon, with a internet price hovering over $190 billion.
The timing and scale of Bezos’s inventory gross sales, juxtaposed with the nameless but colossal Bitcoin buy, have led to widespread hypothesis. “Monster $1.3BN Bitcoin purchase – Seems bullish, maybe SWF, Jeff Bezos, Zuck, or another HNW particular person,” famous InvestAnswers, highlighting the size and potential affect of such a transaction on the BTC ecosystem.
Regardless of the wild hypothesis, there isn’t any concrete proof instantly linking Bezos to BTC investments. The group is left parsing for extra clues.
At press time, BTC traded $62,566.
Featured picture from Euronews.com, chart from TradingView.com
