MicroStrategy co-founder Michael Saylor has suggested that Amazon founder Jeff Bezos should consider buying $600 million worth of Bitcoin instead of splurging all this cash on a lavish wedding.
Earlier today, the Daily Mail reported that Bezos was preparing to marry his fiancee Lauren Sanchez on Dec. 28 in Aspen, Colorado. The British tabloid, which cited sources familiar with the matter, said the extravaganza would cost around $600 million.
Bezos reportedly purchased an expensive sushi restaurant that could seat as many as 180 guests specifically for the occasion. The Daily Mail also claimed that the couple also rented a bunch of ritzy mantions for high-profile guests.
The news story was on everyone's lips in no time, with many social media users blasting Bezos over unparalleled luxury. Many called attention to the poor working conditions at Amazon warehouses.
Even fellow billionaire Bill Ackman seemingly criticized Bezos for reportedly spending an entire fortune on a wedding. "Unless you are buying each of your guests a house, you can’t spend this much money," he said in a social media post.
Bezos, however, has stated that the story published by the Daily Mail is "completely false." Still, this did not stop Saylor from pitching Bitcoin to the Amazon founder.
As reported by U.Today, a recent proposal by Amazon shareholders urged the tech giant to diversify its portfolio by investing at least 5% of its assets in Bitcoin.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Yuri Molchan
Gamza Khanzadaev
Dan Burgin
Vladislav Sopov