CDS Crypto News Jeff Bezos is rumored to have divested 8.5 billion Dollars from Amazon stock in favor of Bitcoin
Crypto News

Jeff Bezos is rumored to have divested 8.5 billion Dollars from Amazon stock in favor of Bitcoin

Jeff Bezos' recent $8.5 billion sale of Amazon stock has sparked speculation regarding his potential involvement in the cryptocurrency space.

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Jeff Bezos is rumored to have divested 8.5 billion Dollars from Amazon stock in favor of Bitcoin

Crypto News– Speculation within the crypto industry is a common occurrence. With Bitcoin surging past $60k this week, largely driven by institutional interest, such rumors could potentially have both positive and negative effects.

Jeff Bezos is rumored to have divested 8.5 billion Dollars from Amazon stock in favor of Bitcoin

The latest unconfirmed rumor suggests that Jeff Bezos might be purchasing Bitcoin. This speculation stems from a post by Apollo co-founder Thomas Fahrer on a social media platform, where Fahrer conjectures about the possibility of Bitcoin being the driving force behind Bezos’ recent stock sell-off. Fahrer suggests that Bezos may be experiencing “billionaire FOMO,” or fear of missing out. However, it’s important to note that Bezos has not made any official statements regarding this matter, and there is no concrete evidence to support the claim.

A Bloomberg report from February 21 mentioned that Bezos had sold up to 50 million shares of Amazon stock, potentially generating around $8.5 billion for investing in Bitcoin, as purported by the rumor.

There is some context provided by Fahrer’s tweet, which includes a photo of Bezos and his fiancée, Lauren Sanchez, at a birthday celebration. However, this photo is from a New York Post article published on June 12, 2023. The article initially mentioned MicroStrategy chief Michael Saylor as being present at the celebration, held on a yacht in Saint Barthélemy, France. Interestingly, the current version of the article no longer includes Saylor and changes the location of the yacht to Portofino, Italy.

Such content may not be reliable, especially for crypto investors. It’s advisable to conduct thorough research (“do your own research” or #DYOR) before making any investment decisions, whether it involves Bitcoin, decentralized finance, NFTs, or any other asset.

Jeff Bezos is rumored to have divested 8.5 billion Dollars from Amazon stock in favor of Bitcoin

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