Michael Saylor Mocks Bezos’ Wedding Expenses: Buying Bitcoin for 600 Million is More Cost-effective
Amazon founder Jeff Bezos was rumored to be spending $600 million on his wedding, to which MicroStrategy co-founder Michael Saylor jokingly commented on Bezos’ tweet, suggesting that it would be more profitable to use the $600 million to buy Bitcoin.
Rumors of wedding expenses sparked Bitcoin discussions
Recent reports claimed that Bezos planned to spend $600 million on his wedding with his fiancée Lauren Sanchez. However, Bezos promptly denied the rumors on Twitter, stating, “As the saying goes, ‘Believe half of what you see and none of what you hear,’ so everyone should be careful not to be deceived.” He further added, “I am quite curious, if this event does not happen, will the media that reported and reposted correct themselves?”
However, what’s funny is that Michael Saylor, who previously advocated for a “Bitcoin reserve” and recommended Microsoft to buy Bitcoin, commented below Bezos’ post, saying, “Instead of spending so much money on a wedding, it would be better to invest that money in Bitcoin,” which amused many netizens.
Saylor remains firm in his support for Bitcoin
Saylor has always been a supporter of Bitcoin, suggesting that Bezos enter the market at the current price of approximately $94,500 per Bitcoin and buy 6,349 Bitcoins with $600 million to become a reserve asset.
Saylor believes that Bitcoin is an anti-inflationary asset and an important tool for preserving value, serving as “digital gold.” As the CEO of MicroStrategy, Saylor has transformed the company into one of the largest Bitcoin holders globally, currently holding over 440,000 Bitcoins worth billions of dollars. He emphasizes that Bitcoin’s performance in corporate asset allocation surpasses traditional currencies and bonds.
Will Bezos consider Bitcoin?
Although Bezos, one of the wealthiest individuals globally, has not publicly announced plans to invest in Bitcoin, if he were to enter the crypto market, it would undoubtedly attract widespread attention. With more institutions and high-net-worth individuals adopting Bitcoin as an asset allocation, Saylor’s suggestion may spark more interest in cryptocurrencies.
Risk Warning
Investing in cryptocurrencies carries high risks, with prices potentially experiencing drastic fluctuations, leading to potential loss of the entire principal. Please carefully assess the risks.
