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As Jeff Bezos breaks his own wealth records, he still won’t be able to buy ALL bitcoins in circulation

 
As Jeff Bezos breaks his own wealth records, he still won’t be able to buy ALL bitcoins in circulation
Breaking News / Bitcoin / BTCUSD
  • Jeff Bezos broke his own wealth record as the entrepreneur is now estimated to be worth more than $170 billion. 
  • This is the richest that the businessman has ever been.

News recently broke at the end of last week saying that the founder and chief executive officer of Amazon, Jeff Bezos broke his own wealth record as the entrepreneur is now estimated to be worth more than $170 billion. This is the richest that the businessman has ever been.

The net worth for the Amazon CEO is roughly equal to the entire worth of the whole circulation of bitcoin with the current price being just over $9000 at the time of writing. Obviously, this is a huge net worth but the bitcoin advocate, Jameson Lopp has said that the Amazon chief will never be able to buy up the whole circulation of bitcoin as not everyone will be willing to sell it.

You can see his tweet below:

As the economic world goes sour due to the pandemic brought on from COVID-19, many people are looking to bitcoin and crypto space as an alternative. Many prominent leaders within the crypto space have pushed bits going to be the hedge against economic turmoil with the Galaxy digital founder and CEO, Michael Novogratz being one of them. But there are more people than most who are yet to take the plunge into crypto. The CEO of Amazon is one of them.


It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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