Many on social media platforms are speculating that Amazon’s chairman is planning to buy Bitcoin on behalf of two major factors.
Amazon is an American international technology company that focuses on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence (AI). Three years ago, the company entered the blockchain space with several talents, but denied all rumors of cryptocurrency-related development work.
As we know, Amazon founder Jeff Bezos sold 50 million Amazon shares worth about $8.5 billion a week ago. The main reason for this big decision was unclear to the world.
On February 28, 2024, Apollo co-founder Thomas Fahrer shared information with his followers, sharing his thoughts on Bezos’ decision to sell large shares.
Thomas said Bitcoin could reach a trading price of $61,000, creating a kind of FOMO for Bezos. Additionally, Michael Saylor, CEO of Bitcoin bullish firm MicroStrategy, was mentioned in a shared screenshot of the article tweeted by Thomas as attending Bezos’ birthday celebration along with Bezos’ fiancée, Lauren Sanchez.
Considering all these factors, Thomas indirectly claimed that Bezos is probably planning to buy Bitcoin.
However, no one knows here whether Thomas’s point of view is accurate or not, but many argue that there may be a day in the future when he plans to take his Bitcoin vehicle with him.
Besides all these speculations, there is no evidence that the Amazon founder is interested in Bitcoin.
bitcoin price action
The current trading price of Bitcoin (BTC) is $63,207 and it is up 65% in the last 90 days.
The current Fear and Greed Index is 86. This means that people do not expect Bitcoin trading prices to decline in the coming weeks.
Bitcoin’s dominance in the current ten stages of this innovative sector is 53%, the highest it has been in the last few bull cycles.
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