Mystery Bitcoin Buyer Sparks Speculation of Qatar’s Entry into Crypto Market

The price of Bitcoin has surged to over $65,000 per bitcoin, reaching levels not seen since late 2021. The crypto market has witnessed a remarkable over 300% increase from the recent crash lows of $15,000 following the collapse of major exchange FTX.

Rumors are circulating about the mysterious identity of a significant Bitcoin buyer, with speculations suggesting that it could be the country of Qatar or billionaire Amazon founder Jeff Bezos entering the Bitcoin market.

Anthony Scaramucci, founder of Skybridge Capital and former communications director for Donald Trump, hinted at the possibility of Qatar adding Bitcoin to their balance sheet, crediting Max Keiser for the insight.

Max Keiser, a flamboyant Bitcoin investor involved in El Salvador‘s Bitcoin strategy, indicated that significant developments were underway. The speculations gained traction after a post suggesting that Qatar might be involved in Bitcoin, referencing the Qatari emir’s meeting with El Salvador’s pro-Bitcoin president Nayib Bukele.

Furthermore, Caitlin Long, CEO of U.S. crypto bank Custodia, supported the theories, linking them to a 2023 report indicating Qatar’s official visit to El Salvador.

Meanwhile, a mysterious entity has anonymously accumulated nearly 55,000 Bitcoins worth $3.2 billion over the past year through 100 Bitcoin transactions in equal amounts.

Chris Martin, Director of Research at Amberdata, found the consistent transaction patterns intriguing and dismissed the possibility of the entity being associated with Wall Street giants launching new spot Bitcoin exchange-traded funds.

Concurrently, unfounded rumors on social media have hinted that Jeff Bezos, the billionaire founder of Amazon, could be actively purchasing Bitcoins. Thomas Fahrer, co-founder of Bitcoin rewards company Apollo, pointed to Bezos’s $8.5 billion Amazon stock sales as potential evidence of billionaire interest fueling the Bitcoin surge.