Bitcoin community under attack.

Shri

Jeff Bezos selling billions of dollars' worth of Amazon stocks, Bitcoin community under attack.

Bitcoin evangelist and angel investor Anthony Pompliano tweeted on the X social media network about Jeff Bezos and his recent massive stock sales. Pompliano's tweet sparked heated discussions in the Bitcoin community.
Bezos sells $2.4 billion worth of Amazon stock
According to the American Consumer News and Business Channel, this Amazon founder recently sold an astonishing amount of stocks—14 million shares. The report states that Bezos has been actively selling stocks since announcing plans to sell 50 million AMZN by the end of January 2025.
Bezos started selling stocks last week. His trading plan was announced in November, and he has been selling AMZN according to the plan. According to the American Consumer News and Business Channel, he has sold three batches of stocks, each consisting of 12 million shares. He has sold a total of $2.4 billion worth of stocks.
Bitcoin community's reaction to Bezos news
Pompliano, or "Pomp," noted that the last time Bezos sold this many stocks was in 2021 when the market reached its peak. "What does he know?" Pompliano pondered.
Additionally, Bezos stepped down as CEO of Amazon at the time. He also donated around $240 million worth of AMZN in 2023.
The American Consumer News and Business Channel added that in November last year, Bezos announced plans to move from Seattle to Miami for personal reasons and began selling his shares in Amazon more actively after becoming closer to his company Blue Origin.
In the comments under Pompliano's tweet, many Bitcoin-themed accounts began speculating on the reasons for Bezos' stock sales. One user stated that Bezos has been doing this all along, and Bill Gates and many American politicians are also doing the same. Perhaps ironically, many commentators believe that Bezos intends to buy Bitcoin, although the billionaire and Amazon founder has made no such statements.
Amazon rejects cryptocurrency
In 2021, there were rumors that the e-commerce giant intended to start accepting Bitcoin as a payment method. This happened after the company announced a vacancy for a cryptocurrency and blockchain leader. Subsequently, articles in Insider and City A.M. magazines were published, involving Amazon's alleged plan to start selling cryptocurrency products—Bitcoin, Ethereum, Cardano, and Bitcoin Cash.
However, an Amazon representative refuted these rumors. Lee said that Bitcoin exchange-traded funds would start acquiring Bitcoin from the market, thus boosting demand for the asset.
Tom Lee stated that the second reason is that Bitcoin is about to depreciate, which will cause a supply shock. Cryptocurrency halving events based on proof of work are held every four years. It will halve the number of bitcoins minted per block from the current 6.25 bitcoins to 3.125 bitcoins after halving in April.
The third major reason that could become the main driver of Bitcoin prices is the expected start of interest rate cuts by the Federal Reserve. Lee explained that low interest rates are favorable for risk assets, and Bitcoin is considered a risk asset by Wall Street and banks. Earlier this week, investor and entrepreneur Robert Kiyosaki, known to many as the author of "Rich Dad Poor Dad" on financial knowledge, made a very optimistic Bitcoin prediction earlier this year.

Niti998

The Bitcoin community has also come under attack.

Yamini003

He's sold quite a lot of stocks.

Jafar224

It has indeed faced significant attacks.

Jatin255

He's sold a considerable amount of assets.