Saudi Arabia 1M BTC BUY !!

[adaseb]

I’ve been hearing about investments from the Saudis for a few years already. It seems that every few months someone makes a tweet and then people get the word out and it spreads and people think it’s real.

Basically $500M is nothing for those countries, so it’s possible they might invest, especially after the etf has been approved. But until we get something concrete then it’s nothing but a rumor.

[Assface16678]

Well, it's big news if it happens, but as you said, it's only a mere humour, so we can't be sure if it will happen; we still don't have a legitimate source that it will happen. But for those who are already holding BTC, I'm sure if this news becomes reality, they will earn a lot or benefit from it. A 1M BTC buy is not a joke; it will surely have an impact on the market, and we can see a good opportunity to earn. We can have an entry into the market, but what if it never happens? Well, there's nothing for us to lose because the BTC market is still showing a great movement where we can spot good opportunities to enter and earn. To think that the Saudi government will make such a decision, it is hard to believe and imagine that a government will risk a huge amount of money to invest.

[0t3p0t]

I was also not sure about this all but after having some search and looking things around about this all now I was also having this update as Saudi Arab is having bitcoin as legal tender and peoples can buy and sell this without any problem so look like things are taking good change about this, and we can expect some good movement for the bitcoin as well if things like these are going to happen as announces.

UAE was doing good work about crypto related technology and now after their some success we are having more Gulf region countries which are preparing to have their share in this market as well which will create good competition and better results for the investors as well.

https://coinedition.com/saudi-arabia-qatar-rumored-1m-btc-buy-could-come-next-week-analyst/

https://cointelegraph.com/tags/saudi-arabia

No doubt Saudi and Qatar will buy that amount of Bitcoin using their sovereign weight funds as stated on that article. I think this is because of the previous approval of Bitcoin ETF by SEC. They might have the trust on it right now because of that approval. Though just rumors but still worth the wait for any confirmation in the coming weeks by these governments.

[Odohu]

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 know we will get to this stage in Bitcoin, a stage where many institutions and governments will realize the potential and beauty of Bitcoin. Even though this may be rumors, there is a popular saying in my country that "there is no smoke without fire". Sooner or later, some of these rumors will become reality. The approval of the Bitcoin ETF might just be the pathway to more cashflows into Bitcoin even from institutional investors.

I can only imagine what this amount of buy will do to the price of Bitcoin. It it eventually scale through, that will be the biggest pump of all time as Bitcoin may see new ATH even before the halving. The mere confirmation of the news is even enough to initiate the bull run.

[Fiatless]

There are a lot of things going around about Saudi Arabia that cannot be confirmed. I know one of the rumours are that Saudi Arabia wanted to join the BRICS countries and then suddenly decided that they did not want to join anymore.

We know the BRICS countries wants to move away from the US Dollar as a global reserve currency and they want to use their own currency.

So it will be interresting to see what side they choose. 

I was also surprised when I heard that Saudi Arabia wants to join the BRICS nations since they have a very close diplomatic relationship with the US. The kingdom depends more on the US for security, so moving away from the dollars will have dire consequences. The country's minister of commerce Majid Al-Kasabi clarified that the Kingdom has been invited to attend BRICS summits which doesn't mean joining formally.

I’ve been hearing about investments from the Saudis for a few years already. It seems that every few months someone makes a tweet and then people get the word out and it spreads and people think it’s real.

Basically $500M is nothing for those countries, so it’s possible they might invest, especially after the etf has been approved. But until we get something concrete then it’s nothing but a rumor.

In almost all the news outlets that reported the news, the information was called a rumour. What makes it more unreliable is that it didn't emanate from any Saudi or Qatari government official but from Max Keiser. I wonder where he got the information since he didn't state the source of this information. But it is good news to the Bitcoin ecosystem to see rich economies like Saudi Arabia and Qatar having an interest in the currency. 

[2Pizza410000BTC]

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?

Is the rumor created by the Saudi government investing 500 billion dollars in BTC really true news or any news made by you? If there was such news then surely we would have seen it on some X media or various social media. Be it true or a lie, if you had registered that news link here, we would have believed it. However, the Saudi government has no qualms about spending money, but we saw it last season by buying the most famous players. The Saudi government bought the most famous players but created a stir all over the world, from that I can say that the Saudi government can take such steps.

Finally, I'm not making any price predictions here about the Bitcoin market because price predictions are completely irrational. But the price has reached the current position since a few days ago and this position is worth investing.

[JunaidAzizi]

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 "rumor" becomes a reality?

Yes, we know that KSA is interested in Blockchain technology but there is not any verified news about this, from where you get this news please share the link so we can also watch it. Yeah if this is true then of course the price will go up because this is a piece of positive news for the market and you need to buy it for now but only in this case if this is true. But based on rumors we cannot provide you any advice on whether to invest or not. Bitcoin Is a volatile asset and can change its price at any time so for its significance it is necessary to do a deep analysis and research on this news as well as on the Bitcoin price, one should never make any decisions based on rumors.

[Natsuu]

When you hear about investments, especially from big players like Saudi Arabia, it's easy to get excited. But it's like a game of telephone because news can get exaggerated or misinterpreted. Best to wait for solid proof like official announcements or clear evidence, instead of jumping on the hype train based on rumors or tweets.

[Volimack]

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?

All investors know that when the price of Bitcoin goes down the crypto market goes up again. These fluctuations are normal. But I don't know of any news about possible $500 billion investment in BTC by the Saudi government or maybe it's just a rumor. Increasing Bitcoin investment in crypto helps increase trust and confidence in the industry as people see brands they know and trust that use a particular asset. Bitcoin is a profitable currency to invest in.

[bobbybkk]

In general this information is not really that valuable:

Big funds buy all kind of assets to spread the risk and maybe make the occasional 100 x return if they are lucky.

But as you see with Softbank and their multi Billion WeWork investment, which was a nice course how to turn billion into millions, things not always go as planned.

So maybe Saudi Arabia buys 1 M bitcoins, but what would be the effect on the Bitcoin price 1 year after that nobody really knows.

Just stick to your predictions, and if you get it wrong you know who to blame ..

[Pikachi42]

Yes, I am also reviewing BTC market price daily. Where today's price is showing around $38k and I think the price may drop further by next week. Maybe it will cost around $33k or $35k. Then I think its value will increase a lot. Maybe it's 2x or 3x. But its value doesn't depend on my words, it totally depends on people's usage and people's belief about Bitcoin.

[radjie]

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 these rumors are true, it seems that the Saudi Arabian government believes that the Bitcoin Halving will occur, so it has decided to invest large amounts in Bitcoin when price movements experience a decline.  Of course, in the future there will be a sharp increase when market prices continue to move to their lowest point

[BabyBandit]

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,

You don't need to use your feeling. Everyone must understand that it is the right time to invest their money before the Bitcoin halving. If we look the history, Bitcoin should begin to increase massively after the Bitcoin halving.

I agree with you here, but does not the profit get less during halving when more and more individuals know about this chance? So the profit should be less this time then 4 years ago and so on.. or does it work in some other way?

[synchronym]

There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments,

Where do you know this rumor? Do you read the rumor on crypto news channel?
Since it is just a rumor, it is difficult to trust the news. Saudi Government isn't like El Salvador, they have enough money and they are not urgent to invest their money into Bitcoin. It is very different with El Salvador who invest in Bitcoin because they want to improve their financial level. Also, I'm not really sure about the status of Bitcoin in Saudi. As far as I know, Saudi Arabia is a grey area of Bitcoin, the status isn't really clear enough.

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,

You don't need to use your feeling. Everyone must understand that it is the right time to invest their money before the Bitcoin halving. If we look the history, Bitcoin should begin to increase massively after the Bitcoin halving.

I was also not sure about this all but after having some search and looking things around about this all now I was also having this update as Saudi Arab is having bitcoin as legal tender and peoples can buy and sell this without any problem so look like things are taking good change about this, and we can expect some good movement for the bitcoin as well if things like these are going to happen as announces.

UAE was doing good work about crypto related technology and now after their some success we are having more Gulf region countries which are preparing to have their share in this market as well which will create good competition and better results for the investors as well.

https://coinedition.com/saudi-arabia-qatar-rumored-1m-btc-buy-could-come-next-week-analyst/

https://cointelegraph.com/tags/saudi-arabia

op I agree with you it's really good news if the Saudi government and UAE make such announcements or decisions about Bitcoin investment, it's definitely very positive for Bitcoin. Of course we can expect more competition in Bitcoin investment. The current Bitcoin market has reached $39k, so many of us who can't afford to buy Bitcoin when it's high can buy it if they want to. Because now that Bitcoin has reached $39k we can buy and hold it now if we want to sell it as the price goes up and we can make a lot of profit.

[blckhawk]

It's still just a rumor, don't be too hasty thinking that it's something that will be influential in a positive way because it's probably not even true at all. What's even the reason why they're planning to drop that much money into crypto though? 500 billion is a lot of money so it's probably just a rumor or maybe the truth is that it's a much smaller amount.

[348Judah]

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?

That sound impressive, investing now could bring about many opportunities for those who can take quick advantage in making it while we are still on the dip, we may have it on a short period before the market then plan to begin to rise back till we get to the all time high we have always wanted, we know how people are taking this serious in making decisions on when to invest and seeing this now will also be the perfect timing to invest on bitcoin while the market is still bearish, there's nothing like rumor in this, this is what the Saudi Arabia government can, we need to learn to see more of what's happening with bitcoin adoption in middle east to know they are not also left out in this

[yudi09]

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?

Investing in Bitcoin is always a good opportunity if done before Bitcoin hits its latest high. The Bitcoin halving is near and if the rumor is that Saudi will invest in Bitcoin in that amount of money, then Saudi is not too late.

In my opinion, this week and the next few days the crypto market is still in the red. If we cannot afford the large amounts of Bitcoin purchases made by large companies and governments like Saudi, then we must take advantage of the price correction opportunity to buy what we can.
Those who have large capital are not surprised to do something that is beyond our abilities. Those who have a lot of money are always in a position of greater advantage than those of us who do not have large capital capabilities.

[Derivatives888]

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?

There was a rumor that when all the ETF's were aproved the Bitcoin price would increase a lot.
And have you seen it?? :-)
By the way all the big parties dont buy or sell via exchanges, they do it OTC so it will not affect the prices.

[Lucius]

~snip~
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.

Most of us did not take into account that one of the companies that also received approval for the spot ETF has more than 600 000 BTC in its possession, of which it has already sold about 80 000 BTC worth about $3.3 billion. As far as I can see, this is currently the only reason why the price is going down.

As for this insane investment of $500 billion, it has already been explained that it was not about investing in Bitcoin, but about some kind of "crypto project" that was talked about years ago. Besides, does anyone think that it is possible to just buy BTC for that much money when all mined BTC are currently worth just a little less than $800 billion?

[m2017]

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?

A rumor is still a rumor. I will believe this only when this rumor is confirmed and Suad Arabia invests in the bitcoin. Only facts matter, not rumors.

You probably think that after investing them, the price of bitcoin will increase significantly and this "$500 billion investment" will affect the overall capitalization of bitcoin? Is this why you think now is a good time to invest in it? In theory, any time is good to buy bitcoin, if you measure it not in a couple of months, but in years.

Don't chase rumors. In investing, you need to trust strategic planning, not "a very strong feelings".