Michael Saylor teases Amazon founder Bezos’ wedding cost: 600 million would be more cost-effective to buy in Bitcoin

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ABMedia
2 days ago
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Amazon founder Jeff Bezos was reported to be planning to spend $600 million on a wedding, to which MicroStrategy (MicroStrategy) co-founder Michael Saylor joked in a tweet that it would be better to use the $600 million to buy Bit.

Rumor of wedding expenses sparks Bit discussion

Recent media reports claimed that Bezos plans to spend $600 million on a wedding with his fiancée Lauren Sanchez, but Bezos immediately denied the rumor on Twitter, saying "As the saying goes, 'Hearing is deceptive, seeing is believing,' so be careful not to be fooled." He further said, "I'm quite curious, if this doesn't happen, will the media that reported on it and reposted it come out and correct it?"

Bezos' rebuttal post.

But amusingly, Michael Saylor, the co-founder of MicroStrategy, who had previously loudly proclaimed "Bit reserves" and recommended that Microsoft buy Bit, left a comment under Bezos' post: "Instead of spending so much on a wedding, why not invest the money in Bit." This made many netizens burst out laughing.

Saylor remains steadfast in supporting Bit

Saylor has always been a supporter of Bit. He suggested that Bezos enter the market at the current price of around $94,500 per Bit, and use $600 million to purchase 6,349 Bit as a reserve asset.

Saylor has always believed that Bit is an inflation-resistant asset and an important tool for value preservation, serving as "digital gold." As the CEO of MicroStrategy, Saylor has transformed the company into one of the world's largest Bit holders, currently holding over 440,000 Bit worth billions of dollars. He emphasizes that Bit's performance in the company's asset allocation has outperformed traditional currencies and bonds.

(MicroStrategy buys more Bit, falls after index inclusion, will the crypto market have a Christmas rally this year?)

Will Bezos consider Bit

Although Bezos, one of the world's wealthiest individuals, has not yet publicly announced plans to invest in Bit, if he were to enter the crypto market, it would undoubtedly attract widespread attention. As more and more institutions and high-net-worth individuals adopt Bit as an asset allocation, Saylor's suggestion may spark more interest in cryptocurrencies.

(MicroStrategy's Michael Saylor urges Microsoft to implement a Bit reserve strategy, market value expected to increase by $5 trillion)

Risk Warning

Cryptocurrency investment is highly risky, and its price may fluctuate dramatically, and you may lose your entire principal. Please carefully evaluate the risks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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