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Author Topic: Jeff Bezos and Bitcoin  (Read 262 times)
AmoreJaz
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July 02, 2020, 11:21:57 PM
 #21

I think the better question is that if we are Jeff Bezos, and with that so much wealth, are you willing to put everything and buy all the bitcoins? Doesn't make sense right? So theoretically, I don't think that anyone are going to do that because you will not get any benefits from it, unless you go crazy, Lol. It's more of just a trivial, so called 'what-if', scenario, or just another bitcoin conspiracies.

thats the better question here, the "what-if" scenario. but it will always end up in speculations as we know it. if you are a true investor, you will always diversify your portfolio and not concentrate your wealth in one option.
 so i dont think someone will pour all his riches to one very volatile investment. but yeah, it's good to have this kind of discussion, just to get some insights from people. but in reality, we will not see this happening.


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July 03, 2020, 01:06:35 AM
 #22

Jeff Bezos is not that dumb to suddenly wake up and says that he is going full retard on Bitcoin. People like him with so much wealth doesn't need to think of making more money, he even have the most expensive divorce in history, but he didn't give a f**k.

Besides, Bitcoin is volatile so I don't think that we will risk what he work hard for years. He could probably own 1000 BTC just to play around with his huge wealth. Or perhaps he could just put that money in a philantrophy, which all billionaires are doing to help the less fortunate.

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July 03, 2020, 02:39:59 AM
 #23

This pandemic days have made eCommerce more timely than ever. That is probably one of the main reasons why the Amazon shares are rising which, in turn, catapulted Bezos' net worth to a new all time high despite having his wealth greatly reduced after divorce.

It may sound mind-boggling during these pandemic days when a lot of people are believed to have lost income but I guess the rich investors up there are finding Amazon the kind of business that will thrive despite the hard times.

As to Jeff having the capacity to own every BTC, well, yeah, possibly, but that won't be something worth risking if you think of the man actually doing that. The wealthiest person on earth has already found the best wealth recipe there is on earth. I guess there is no need for him to suddenly shift into something else.

And, of course, we hate whales! Wink

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December 21, 2020, 01:58:35 AM
 #24

It may sound mind-boggling during these pandemic days when a lot of people are believed to have lost income but I guess the rich investors up there are finding Amazon the kind of business that will thrive despite the hard times.
It can be seen that Amazon's share price has indeed experienced price growth since March 2020, where in that month the Corona-19 Virus was declared an international pandemic. Smart investors understand this potential, they buy Amazon stock to avoid losses due to the impact of the pandemic which is quite splashy. Amazon looks to shine even more since this pandemic emerged. That's why Jeff Bezos has become so rich and beyond compare.

He was able to buy large amounts of Bitcoin. Not all of the Bitcoin he will buy, besides he cannot do this for several reasons, he is also not stupid to exchange all of his assets for this digital currency. I don't mean to attack Bitcoin, but we know that Jeff Bezos is already rich enough and he will choose to grow his business to increase his profits.
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December 21, 2020, 02:46:33 AM
 #25

Jeff Bezos could really own every bitcoin with that huge amount of money, but I'm thinking how much transaction fee he is getting to pay for buying all of the bitcoins

Two mistakes here.
1. He cannot own all the bitcoins because:
1.1 Some bitcoins are lost forever.
1.2 Some people will simply not sell.
1.3 Not all bitcoins are mined yet.
1.4 As he starts buying (them all) the price will go up and up and up until the point he cannot afford to buy more. At least this is how I understand the laws of supply and demand.
1.5 He is not stupid and he would understand that if he would buy all the bitcoins they'd become worthless. Also he will always hugely diversify his investments.


2. The transaction fee for sending the bitcoins doesn't depend on how many bitcoins there are there and what's their market value. It's (in this case) about the number of inputs (does he have a few "big bills", or a huge amount of "coins" or somewhere in between).

I do Agree with this one the price of bitcoin will simply up and jeff bezos would never buy the all the bitcoin because the market will be freeze if have all the btc

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