The cryptocurrency community is abuzz with speculation that Jeff Bezos, the man behind Amazon, may be the latest celebrity to jump into Bitcoin investment. The speculation was sparked by Apollo co-founder Thomas Fahrer, who suggested on X (formerly Twitter) that Bezos’ recent financial strategy could indicate significant interest in BTC.
Bitcoin: Is Bezos Full of Sailor Oranges?
Fahrer’s post provocatively asked, “Is Jeff Bezos investing in Bitcoin now?” Do you hang out with Michael Saylor? You just liquidated $8.5 billion in Amazon stock? Are you sitting on cash? Maybe he’s sharper than that. Bitcoin price rise hints at billionaire FOMO? “There is a problem.” It highlights Bezos’ recent liquidation of $8.5 billion worth of Amazon stock and his dinner with BTC advocate Michael Saylor as potential evidence for this new venture.
Is Jeff Bezos stacking up? #Bitcoin Right now?
Do you hang out with Michael Saylor? ✔️
You just liquidated $8.5 billion in Amazon stock? ✔️
Are you sitting on cash? Maybe he’s sharper than that. ✔️
Bitcoin price rise hints at billionaire FOMO?✔️
A problem has occurred. 🤔 pic.twitter.com/C4Aq3QKUPR
—Thomas | heyapollo.com (@thomas_fahrer) February 28, 2024
The dinner, detailed in news reports, saw Bezos and his fiancée Lauren Sanchez celebrating with a slew of celebrities and moguls, including prominent Bitcoin bull Saylor. The meeting sparked speculation about Bezos’ interest in the digital currency, especially since Saylor is Bitoin’s biggest and most staunch supporter. Considering MicroStrategy’s recent success thanks to its large BTC holdings, it’s easy to imagine that Bitcoin has been a topic of conversation, at least briefly.
Bitpain, an authority in the BTC community, jokingly added to the speculation, saying, “The last time Bitcoin hit $600,000, the bank bought it with fake Ponzi cash.” This time, Jeff Bezos is buying something with money he found on a yacht sofa.”
This was complemented by known crypto analyst InvestAnswers, who highlighted the creation of new Bitcoin wallets that saw transactions of 26,200 BTC at $51,000 each, confirming that these wallets are not associated with Jeff Bezos, Mark Zuckerberg, or any ETF. Considering that it is not, even if it is a sovereign wealth fund.
Monster $1.3 billion #Bitcoin Purchase – 26,200 $BTC For $51,000.
SWF, Jeff Bezos, Zuck or other HNW individuals seem bullish. 🚀 PS This is not an ETF wallet. pic.twitter.com/HEpWzEIQRJ— InvestAnswers (@invest_answers) February 23, 2024
The roots of this speculation lie not only in comments by Fahrer or analysts, but also in Bezos’ recent activities in the financial markets. Bezos sold about 50 million shares of Amazon stock, worth a total of $8.5 billion, in February. The move comes after a significant rise in Amazon’s stock price, which has surged more than 76% over the past year. Despite this massive sale, Bezos remains Amazon’s largest shareholder, with his net worth soaring to more than $190 billion.
The timing and size of Bezos’ stock sale, juxtaposed with his anonymous but massive Bitcoin purchases, has sparked widespread speculation. “Monster $1.3B Bitcoin Purchase – SWF, Looks As Bullish As Jeff Bezos, Zuck Or Any Other HNW Individual.” famous InvestAnswers highlights the scale and potential impact of these transactions on the BTC ecosystem.
Despite massive speculation, there is no concrete evidence directly linking Bezos to his BTC investments. The community is analyzing for more clues.
At press time, BTC was trading at $62,566.
Featured image from Euronews.com, chart from TradingView.com