RATE Group | What If Amazon’s Jeff Bezos Bought All BTC? Tone Vays Weighs in
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What If Amazon’s Jeff Bezos Bought All BTC? Tone Vays Weighs in

25 Apr What If Amazon’s Jeff Bezos Bought All BTC? Tone Vays Weighs in

Posted at 19:29h in Bitcoin News by

Crypto trader and YouTuber, Tone Vays, explained that Amazon’s $140 billion CEO couldn’t buy every Bitcoin (BTC) in circulation. 

What would happen if Bezos tried? “He would drive up the price of Bitcoin to the point where he could no longer afford it,” Vays told Cointelegraph in a message on April 23. 

Why couldn’t Bezos buy all the BTC on the market?

On the day of Vays’ comments, all the speculative capital held within Bitcoin gave the asset a total market cap near $137 billion, with each coin priced at approximately $7,500, CoinMarketCap data showed.  

In the last 11 years, roughly 18,343,537 BTC have circulated the market. A number of those coins, however, sit in various wallets and platforms with longer term holding in mind. Some early adopters even lost unknown amounts of likely unrecoverable BTC. 

Essentially, only a certain amount of BTC is liquid, or immediately tradable, on exchanges and markets. “Bitcoin is a very illiquid asset,” Vays said. If Bezos tried to buy all…

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