Bitcoin’s Billionaire Club: Is Jeff Bezos The Latest Member?


The cryptocurrency community is abuzz with speculation that Jeff Bezos, the mastermind behind Amazon, may be the latest high-profile entrant into Bitcoin investment. This conjecture was ignited by Thomas Fahrer, Apollo co-founder, who suggested on X (formerly Twitter) that Bezos’s recent financial maneuvers could be indicative of a significant interest in BTC.Looks bullish, perhaps SWF, Jeff Bezos, Zuck, or some other HNW individual. ???? PS this is not an ETF wallet. pic.twitter.com/HEpWzEIQRJ

— InvestAnswers (@invest_answers) February 23, 2024

The root of this speculation lies not just in Fahrer’s or analysts’ comments but in Bezos’s recent activities in the financial market. Bezos offloaded about 50 million Amazon shares in February, totaling around $8.5 billion. This move comes after a significant appreciation in Amazon’s stock price, which surged more than 76% over the past year. Despite this massive sale, Bezos remains the largest shareholder in Amazon, with a net worth soaring over $190 billion.

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The timing and scale of Bezos’s stock sales, juxtaposed with the anonymous yet colossal Bitcoin purchase, have led to widespread speculation. “Monster $1.3BN Bitcoin buy – Looks bullish, perhaps SWF, Jeff Bezos, Zuck, or some other HNW individual,” noted InvestAnswers, highlighting the scale and potential impact of such a transaction on the BTC ecosystem.

Despite the wild speculation, there is no concrete evidence directly linking Bezos to BTC investments. The community is left parsing for more clues.

At press time, BTC traded $62,566.

BTC price, 1-week chart | Source: BTCUSD on TradingView.com

Featured image from Euronews.com, chart from TradingView.com

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Author: Jake Simmons


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