Many people across social media platforms speculating that Amazon’s executive chairman was planning to buy Bitcoin, on behalf of two major factors.
Amazon is an American international technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence (AI). Three years ago, this company stepped into the blockchain sector with multiple talents but denied all the rumours of crypto-related development works.
As we know Amazon founder Jeff Bezos unloaded 50 Million Amazon stock sales worth nearly $8.5 Billion, a week ago. The main reason behind this big decision remained unclear to the whole world.
On 28 Feb 2024, Apollo co-founder Thomas Fahrer shared information with his followers to share his opinion on Bezos’s big stock sale decision.
Thomas said that Bitcoin hits a $61k trade price which might created a type of FOMO for Bezos. Also the shared screenshot of an article in the Tweet by Thomas, Bitcoin bull firm MicroStrategy chief Michael Saylor was mentioned as attending the birthday celebration of Bezos with his fiancée, Lauren Sanchez.
With all these factors, Thomas indirectly claimed that Bezos probably planning to buy Bitcoin.
However here no one knows whether Thomas’s point of view is accurate or not but many people claim that there will be one day in the future when he plans to go with Bitcoin vehicle.
Besides all these speculations, there is no evidence to show that Amazon’s founder is interested in Bitcoin.
Bitcoin price action
The current trade price of Bitcoin (BTC) is $63,207 & this trade price has been 65% higher over the last 90 days.
The current Fear & Greed index is 86 which means people are not expecting any dump in the trade price of Bitcoin in the incoming weeks.
At this current heat phase of this innovative sector, the dominance of Bitcoin is 53% which is the highest over the last few bull cycles.
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