Will Jeff Bezos invest in Dogecoin?

A group of cryptocurrency analysts recently suggested Amazon founder Jeff Bezos may be the one investor who could push Dogecoin’s value over the $1 mark.

The crypto-analyst YouTube channel “Self Made” recently suggested that an investment from Bezos would mark a massive turn in the success of the meme-based cryptocurrency.

  • “There is speculation that Jeff Bezos might be coming to the scene as a second-lead,” the YouTubers said. “The adoption from someone like Bezos can set Dogecoin to $1 in less than 24 hours. Not only would it have the approval of Bezos, but it would be supported by the two richest men in the world. That is something that is only seen once-in-a-lifetime.”

Of course, this is only a rumor at this point. But Bezos wouldn’t be the first investor to celebrate Dogecoin.

Tesla founder Elon Musk has often celebrated and cheered on the form of cryptocurrency. He once tweeted about the cryptocurrency, sharing a picture of the Dogecoin dog that read, ‘’Doge Barking at the Moon.’’

  • The tweets inspired a number of people to invest in cryptocurrency, which started the recent run of success for the company. He has tweeted about it a number of times since then, inspiring people to still have faith in the cryptocurrency, as I explained for the Deseret News.

Rise of Dogecoin

Dogecoin was worth $0.0023 in July 2020 before it climbed to $0.0042 one month later thanks to a viral TIkTok video.

  • More recently, CNN reported that Dogecoin spiked to be $0.42 in worth, which is a huge increase from where it was one year ago.