The cryptocurrency group is abuzz with hypothesis that Jeff Bezos, the mastermind behind Amazon, often is 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 might be indicative of a big curiosity in BTC.
Bitcoin: Has Saylor Orange-Pilled Bezos?
Fahrer’s submit 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 value 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 value 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 have a good time 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 presumably Bitoin’s largest and most eloquent proponent. It’s simple to think about that Bitcoin was at the least a short subject of dialog given MicroStrategy’s latest success due to 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 faux 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 might belong to a excessive web 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. Appears 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 big appreciation in Amazon’s inventory value, which surged greater than 76% over the previous 12 months. Regardless of this large sale, Bezos stays the biggest shareholder in Amazon, with a web 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 – Appears bullish, maybe SWF, Jeff Bezos, Zuck, or another HNW particular person,” famous InvestAnswers, highlighting the dimensions and potential affect of such a transaction on the BTC ecosystem.
Regardless of the wild hypothesis, there isn’t any concrete proof immediately 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
