Saudi Arabia 1M BTC BUY !!

[HONDACD125]

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

Of course this is the best time to invest but the one who has the best capital can get the best returns. We have never seen any interest in Bitcoin from the Saudi government, but when they do we all know they have a lot of money. $500 billion is a lot of money, and it's easy to imagine how that amount could grow in value if invested in Bitcoin.

Adding this huge amount to Bitcoin's market cap, its value can go up to $100k. Such a large investment in Bitcoin is not good for a small investor, as there will be no scope for small investors. However, I think the Saudi governments are not interested in Bitcoin, as they have plenty of resources and places to invest.

[DaNNy001]

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

Are you sure that blackrock isn't messing up the Bitcoin price? At current level it is the best time to buy Bitcoin. So I won't be surprised if the news of 500 billion USD investment is actually true. I won't be surprised if blackrock suddenly emergence as the biggest institutional Bitcoin holder of all time. A lot of manipulations are on going in the background.

After the approval of ETF, we all thought that Bitcoin price will touch a new all time high. Clearly that isn't the case. Someone with far more power than we can imagine, is surely messing up with Bitcoin in the open market.

I mean the expectations only actually made the price to go high during those period, this whole scandal with the approval of Bitcoin ETF was just too hyped that the price has already risen so when the SEC actually did approve it there was nothing to hype anymore although like you said many top hands can still influence the price of Bitcoin and its market as we have seen that some scenario and happenings also causes these price fluctuation.

[tbterryboy]

It was only a rumour and maybe the intent of it is to make the people FOMO and then they'll dump the price after. So if I were you guys, I won't bite on it because the more the people do, the more they will do it. They think the people here in crypto are too easy to fool. Let's prove them wrong. Let's not tarnish the reputation of cryptos. Anyways, I think the perfect to invest is anytime.

So we can invest today, and we can just ignore the market. But if it dips more we can also choose to buy more, if our strategy is not DCA. Although even if we are DCA'ing, there are still times that the price is dumping on our buying dates. Overall, if ever the rumour turns out to be real. Those who FOMO are lucky because the price is surely going to pump.

[Synchronice]

I haven't seen a proper source for this news, it wouldn't be right to talk about baseless rumors. If this is going to happen, it will take a very long time for them to collect this amount. It's impossible to buy that much without raising the price significantly. Anyone can invest as much as they want in Bitcoin, it's natural for governments to get involved, but the amount is $40 billion at the current price which seems too high to me to be real. If such a decision is to be taken, I would expect small purchases to be made first, like El Salvador case.

I haven't seen either but I wouldn't believe it even if any legit source wrote an article about it. Probably a speculation to play, pump and dump Bitcoin's price. 1 million Bitcoin is a 5% of total bitcoins, an amount that probably Satoshi owns. At the moment, 1 Million Bitcoin is 39975600000 American dollar. What a silly amount of money. I know that Saudi people are paying crazy amounts of money but I can't believe they paying this much. This will cause a massive spike in Bitcoin's price and the amount of dollar that I converted just right now, will grow further when they start buying coins.

[Kelward]

I don't know if this is plain rumor or if there is a little amount of truth in it. My guess is that this is not that serious, at least not yet. Who knows what the rich Saudi government would suddenly want with their money right? But for now, I think this is just to hype Bitcoin, just to stir some FOMO in the market with an unfounded possibility. Of course the rich Saudi government is spending and investing in start-ups and technologies, but I seriously doubt they have half a trillion dollars for Bitcoin.

At this stage the story is just rumor, I don't think that any reputable news sites had said anything about Saudi, government investing in Bitcoin, with that kind of mind boggling amount, although with their wealth they're capable of investing in Bitcoin, although I doubt that they need Bitcoin investment to boost their robust economy. As you said it might be FOMO to stir the price of Bitcoin, probably aimed at letting investors to sale now, so that they can buy it all, anyways despite the slight drop in price, we're still predicting Bitcoin to reach $100k at the peak of bull run.

[Crypto Library]

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

The fact is I think that rumors are one kind of trap. If someone invests depending on Rumors, then it will be foolish, maybe many will invest to buy BTC after seeing this rumor, but it will be very risky. I think even if the rumor is true then you should not invest based on it. I myself and many of my friends have seen losses in most cases while making investments depending only on rumours. Investing depending on rumors is a lot of gambling.
But one thing that can be done is to verify the rumors that they are true or not and the primary way is to go and check the official statement, you can follow the statements of those authors. But interesting is think my eyes haven't caught up any official statement so I don't think Saudi Arabia will buy 1 million bitcoins because one million bitcoins is a huge amount considering the current bitcoin circulating supply of 19.61 million is above 5%.

[iamsange]

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

If the rumors can come true this year, of course a more significant price increase could occur for Bitcoin. Because considering the crypto market at the moment it is not so bad to get a price increase as long as big investors continue to make such purchases on Bitcoin and other cryptocurrencies.

I see that the price of Bitcoin today is not very stable because after returning to $40K, it still fell below that level in a very short time. So just hope that the rumors can come true even though there is another possibility that the rumors were deliberately created so that they could move the hearts of other investors to enter the market before a bigger increase occurs.

[MFahad]

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

I say it is just a rumor. there is no reality in that. because Investing $500 bilions is simply not doable. Saudi Arab's whole GDP is $800 billion. so there is no way they could invest $500 Billion in Bitcoin.. if you said a small amount than that would've been still believable.
Besides buying that much of BTC together will mostly break the whole market. it could be chaotic for entire crypto market if that much money inflaw into it.
So don't worry this rumor will not become reality. Maximum they can invest is $1 billion in Bitcoin which will be a very positive thing for market.

[bobbybkk]

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments, As we know today BTC just dropped below $40k. I am having a very strong feeling that this would be the perfect time to invest, What are your thoughts about this and price predictions for next week if the this "rumour" becomes a reality?

I say it is just a rumor. there is no reality in that. because Investing $500 bilions is simply not doable. Saudi Arab's whole GDP is $800 billion. so there is no way they could invest $500 Billion in Bitcoin.. if you said a small amount than that would've been still believable.
Besides buying that much of BTC together will mostly break the whole market. it could be chaotic for entire crypto market if that much money inflaw into it.
So don't worry this rumor will not become reality. Maximum they can invest is $1 billion in Bitcoin which will be a very positive thing for market.

Yep I agree, the total of their wealth fund is 776 billions.

#The Public Investment Fund (PIF; Arabic: صندوق الاستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$776 billion (£538 billion) #

https://en.wikipedia.org/wiki/Public_Investment_Fund