Tech
‘It’s happening!’: Huge mystery whale and sudden $65,000 Bitcoin price surge fuel secret ‘sovereign supply’ and tech billionaires’ predictions
Bitcoin
Bitcoin
jumped above $65,000 per bitcoin to its highest level since late 2021—boost the broader cryptocurrency market with some smaller cryptocurrencies labeled “free money.”
The price of bitcoin has risen more than 300% since plummeting to its recent lows of $15,000 per bitcoin following the collapse of major exchange FTX (although fears of “massive collateral damage” have suddenly returned).
Now, while the bitcoin and cryptocurrency market is poised for an “unprecedented” earthquake on Wall StreetSpeculation about the identity of a mysterious bitcoin buyer is swirling amid wild predictions about the country of Qatar or billionaire Amazon
AMZN
founder Jeff Bezos started buying bitcoin.
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The bitcoin price boom has sparked wild theories and predictions that a major bitcoin buyer could be… [+] about to further increase the price of bitcoin.
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“Max claims Qatar may have added Bitcoin to its balance sheet,” said Anthony Scaramucci, the founder of Skybridge Capital who briefly served as former U.S. President Donald Trump’s communications director. published to X. “If it’s true all we can say is thank you Max Keizer!”
Max Keizer, a quirky bitcoin investor who is working with El Salvador on his bitcoin strategy, did previously stated without providing evidence that “Qatar’s sovereign wealth fund is said to be looking to buy $500 billion worth of bitcoin.”
Scaramucci quoted a post from Keizer who said, “It’s happening,” and referenced a September 2023 X post about the emir of Qatar meeting with El Salvador’s bitcoin backing President Nayib Bukele.
Last year the rumors were given further credence by US Cryptocurrency Bank Custody CEO Caitlin Long.
“I met a big bitcoiner and investor in bitcoin infrastructure [companies] who said he doesn’t believe this rally is solely focused on the spot ETF,” Long, a Wall Street veteran who founded Custodia, formerly known as Avanti, in early 2020, published to X in December, along with a link to a September report that Qatar’s head of state had visited El Salvador.
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The price of bitcoin has skyrocketed to all-time highs, spurring the broader cryptocurrency market and… [+] making Bitcoin a $1 trillion asset again.
Forbes Digital Resources
Meanwhile, a mysterious and unknown bitcoin buyer has amassed $3.2 billion worth of bitcoins over the past year, amassing a pile of nearly 55,000 bitcoins in 100-bitcoin transactions since April last year.
“I think it’s interesting that they’ve generally received the same amount per transaction – around 100 bitcoins – over the course of their existence,” said Chris Martin, research director at Amberdata. said Decrypt, adding that he believes it is unlikely that the secret buyer is one of the Wall Street giants behind a new fleet of bitcoin spot exchange-traded funds (ETFs).
In addition to mystery whales and nationwide bitcoin adoption rumors, wild rumors have spread based on little more than social media gossip that billionaire Amazon founder Jeff Bezos has purchased bitcoin.
“Jeff Bezos is investing in Bitcoin right now,” Thomas Fahrer, co-founder of Bitcoin rewards company Apollo, asked on X.
Fahrer pointed out that documents showing Bezos sold $8.5 billion in Amazon shares have evidence that bitcoin’s price pump may be fueled by “billionaire fomo,” the fear of missing out.