Amazon founder Jeff Bezos was rumored to be spending $600 million on his wedding, which sparked a joke from Michael Saylor, co-founder of MicroStrategy, who commented on Bezos’ tweet, saying that it would be more cost-effective to use the $600 million to buy Bitcoin.
The rumor of wedding expenses ignited the topic of Bitcoin.
Recently, foreign media reported that Bezos planned to spend $600 million on his wedding with his fiancée, Lauren Sanchez. However, Bezos immediately denied the rumors on Twitter, stating, “As the saying goes, seeing is believing, so everyone should be careful not to be deceived.” He further commented, “I am quite curious, if this event doesn’t happen, will those media outlets that reported and reposted the news come out and correct it?”
Bezos’ refutation post.
Ironically, Michael Saylor, who had previously advocated for “Bitcoin reserves” and recommended Microsoft to buy Bitcoin, left a comment below Bezos’ post, saying, “Instead of spending so much money on a wedding, it would be better to invest this amount in Bitcoin.” This comment amused many netizens.
Saylor remains steadfast in his support for Bitcoin.
Saylor has always been a supporter of Bitcoin. He suggested that Bezos enter the market at the current price of approximately $94,500 per Bitcoin and use $600 million to buy 6,349 Bitcoins as a reserve asset.
Saylor has always believed that Bitcoin is an inflation-resistant asset and an important tool for preserving value, serving as a “digital gold.” As the CEO of MicroStrategy, Saylor has transformed the company into one of the world’s largest holders of Bitcoin, currently holding over 440,000 Bitcoins worth billions of dollars. He emphasized that Bitcoin’s performance in corporate asset allocation exceeds that of traditional currencies and bonds.
(MicroStrategy buys more Bitcoin, but the price drops after being added to the index. Will the cryptocurrency market have a Christmas rally this year?)
Will Bezos consider Bitcoin?
Although Bezos, one of the world’s wealthiest individuals, has not publicly announced any plans to invest in Bitcoin, his potential entry into the cryptocurrency market would undoubtedly attract widespread attention. As more institutions and high-net-worth individuals adopt Bitcoin as an asset allocation, Saylor’s suggestion may spark further interest in cryptocurrency.
(MicroStrategy’s Michael Saylor urges Microsoft to implement a Bitcoin reserve strategy, market value expected to increase by $5 trillion)
Risk Disclaimer
Investing in cryptocurrency carries a high level of risk, and prices may fluctuate dramatically, potentially resulting in the loss of all invested capital. Please carefully evaluate the risks.