Jeff Bezos sells Amazon shares worth $8.5 billion to buy Bitcoin?
BTC
$61,470.9
-1.93%
Speculation in the cryptocurrency industry is nothing new. With Bitcoin reaching above $64,000 this week, fueled by institutional interest, such speculation could do more harm than good.
Latest rumor (unconfirmed) is that Amazon's Jeff Bezos is buying #Bitcoin  . This rumor is based on an X post from Apollo co-founder Thomas Fahrer, which speculated about the possibility that Bitcoin could be the reason behind Bezos' recent stock sell-off.
Fahrer speculates the reason behind this is âFOMOâ or fear of missing out. However, the reason could be skewed and Bezos has not yet made any announcement on the matter. There is also no solid evidence that Bezos made the purchase as there are no public records to support this claim.
Bloomberg points out that the Amazon founder has sold up to 50 million shares of the company. This deal, which provided funding worth about $8.5 billion for Bezos, was rumored to be used to buy Bitcoin.
There is some connection in the fact that Fahrer's tweet shows a photo of Bezos with his fiancée, Lauren Sanchez, at a birthday celebration. For context, this photo is from a New York Post article published on June 12, 2023.
In a screenshot of the article tweeted by Fahrer, MicroStrategy director Michael Saylor is mentioned as attending the celebration, which was held on a cruise ship docked at the port of Gustavia on the island of Saint Barthélemy in France.
However, the current version of the article no longer mentions Saylor. Notably, the company also changed the yacht's location to Portofino, Italy.
This type of content can be unreliable, especially for cryptocurrency investors. You should DYOR or âdo your own researchâ before engaging in any investment, whether it is Bitcoin, decentralized finance, NFTs or other investments.
Bitcoin trades at $64,000.
