Home » Bezos’ investment theory that “Middle East money” is behind Bitcoin’s sharp rise | Forbes JAPAN Official Site (Forbes Japan)

Bezos’ investment theory that “Middle East money” is behind Bitcoin’s sharp rise | Forbes JAPAN Official Site (Forbes Japan)

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Bezos’ investment theory that “Middle East money” is behind Bitcoin’s sharp rise | Forbes JAPAN Official Site (Forbes Japan)

The price of Bitcoin sank to around $15,000 following the collapse of FTX in November 2022, and has since increased by more than 300%, trading at around $65,000 as of March 4th. .

Meanwhile, wild rumors are swirling that the Qatari government and Amazon founder Jeff Bezos have started buying Bitcoin.

Anthony Scaramucci, known as former Trump administration’s short-lived communications director, posted on X (formerly Twitter) on the 4th, “According to Max (Kaiser), the Qatari government is adding Bitcoin to its balance sheet. Maybe he did,” he said.

Max is Max Kaiser, an eccentric Bitcoin investor who is working with the Salvadoran government on its Bitcoin strategy. He previously claimed, without providing evidence, that “rumors have surfaced that a Qatari sovereign wealth fund is trying to buy his $500 billion worth of Bitcoin.”

Scaramucci, now known as the founder of the hedge fund SkyBridge Capital, quoted Kaiser’s post on Thursday claiming that “it’s happening now.” It was accompanied by Kaiser’s own post from September last year that said, “The Emir of Qatar met with President Bukele of El Salvador, who supports the introduction of Bitcoin.”
Caitlin Long, CEO of US crypto bank Custodia, also posted in December supporting this view.

Meanwhile, unidentified accounts have been confirmed to have purchased $3.2 billion worth of Bitcoin over the past year. Chris Martin, research director at crypto asset data provider Amberdata, said in an article on the news site Decrypt on the 2nd, “I would be surprised if this whale (a large holder of crypto assets) is some kind of fund. “No,” he said, noting that the mystery buyer is unlikely to be the Wall Street giant behind the physical Bitcoin ETF.

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Meanwhile, wild rumors that are nothing more than social media gossip are spreading that Jeff Bezos is buying Bitcoin. “I wonder if Jeff Bezos is dabbling in Bitcoin right now,” Thomas Farrar, co-founder of Bitcoin rewards company Apollo, said on February 28th. Posted on.

Farrar linked to an article reporting that Bezos sold $8.5 billion worth of Amazon stock, suggesting that Bitcoin’s rise may be driven by billionaire FOMO (fear of missing out). .

forbes.com Original text

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