Saudi Arabia 1M BTC BUY !!

[ajiz138]

This is just a rumor tweeted by Max Keizer's influence and then speculated by other influences so that the news becomes wild and everywhere.

I don't know what will happen next week that Saudi Arabia will invest a large amount, I'm not sure about this rumor maybe they just want to make a profit because usually this news will quickly rise especially when it comes to a rich country investing in bitcoin.

[1714702049]

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[1714702049]

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[coolcoinz]

This is just a rumor tweeted by Max Keizer's influence and then speculated by other influences so that the news becomes wild and everywhere.

I don't know what will happen next week that Saudi Arabia will invest a large amount, I'm not sure about this rumor maybe they just want to make a profit because usually this news will quickly rise especially when it comes to a rich country investing in bitcoin.

First of all, there are some facts that make it look like there's some truth to this. It looks like the Ruler of Qatar spoke with Bukele about this and wanted to know more about the way El Salvador acquired and stored bitcoin. The 1m number can be a rumor, but the fact that these governments were showing interest in bitcoin is more of a fact than anything else.

They might buy 1m, or nothing at all, but the mere fact that they're asking about it when years ago the whole world thought bitcoin to be another bubble is important because it shows the change in narrative.

Also, they could be interested in bitcoin because they have a lot of inflows and don't want to hold any USD, since Saudi Arabia and the UAE are a part of the BRICS now. One of the main goals of this group is to weaken USD.

[JayTrain]

It's indeed a massive sum, $500 billion. These rumors create significant interest, especially considering Bitcoin's recent correction; now seems like the opportune moment to enter with such an amount  Saudi Arabia's investments always intrigued me, so anything is possible; they could provide a substantial boost to the market. Thus, I hope these rumors turn out to be true

[electronicash]

it would be good to see some links from the Saudi news link to confirm these rumors but i see none. i saw one but it's just from a crypto site. $500B will greatly spike the price of BTC.  these Muslim countries however have their Sharia laws about BTC being haram though making this rumor a bit insane.

i don't see this as impossible though because if the US government is okay with BTC as we see SEC approves ETF, i think the Saudis would be willing to consider it. 

[kentrolla]

I haven't heard any such news about Saudi Government buying in bulk and as far as considering to buy BTC every single dip is an opportunity but don't heed to rumours of saudi government buying BTC because had it been the case we would have seen it in multiple platforms.

Coming back to your question about the next week, I guess we would see gradual movement in price and might not see sudden spike or dip,May reach to somewhere around $42k.

[The Cryptovator]

Any real source? Or just rumours started by you? Till now, I know cryptocurrency isn't legal in Saudi Arabia. Just a month ago, I was there, and I asked my friend. He said it was illegal here. So suddenly Saudi Arabia won't invest in Bitcoin officially; at least I am not going to believe until I find any trusted news source. Perhaps a few people become panicked due to the recent dump and want to push Bitcoin by rumours. I will say don't focus on that; just take advantage of the volatility. Most of the time, volatility happens due to news and rumours.

[OgNasty]

It's definitely just a rumor at this point and I'm sure it'll happen.  I don't think it has yet though or it would be all over social media as they try to pump their investment.  I think it is likely that the Saudis are sitting on billions and waiting for the right moment to pounce.  If I were advising them, I would tell them to wait for the mtgox distribution and see what 200K BTC hitting the market does to the price.  Then I would scoop up all the BTC I can at the bottom, right up to the price they don't want to buy anymore.  I think this moment is coming in the next 8 months almost for sure.  Possibly even in the next 4.

[Bitstar_coin]

Could you imagine what that would do to the price of btc if that was true?
As much as it sounds great but unfortunately it is not as what is being said. The investment is not directly to buy btc, although if the plans were to be executed as described perhaps it will have a positive impact on btc. Qm btc is a lot and would have caused an early bull market before btc halving. However,  let's hope serious btc investment will start to come in now that the btc end has been approved.

[darkangel11]

Any real source? Or just rumours started by you? Till now, I know cryptocurrency isn't legal in Saudi Arabia. Just a month ago, I was there, and I asked my friend. He said it was illegal here. So suddenly Saudi Arabia won't invest in Bitcoin officially; at least I am not going to believe until I find any trusted news source. Perhaps a few people become panicked due to the recent dump and want to push Bitcoin by rumours. I will say don't focus on that; just take advantage of the volatility. Most of the time, volatility happens due to news and rumours.

This is not that recent. The rumors surfaced last month after Qatar and El Salvador talks about a partnership. It seems that Qatar had the same problems with the IMF as El Salvador and wants to show the middle finger to the banksters and instead invest in Bukele's ideas and among these ideas are new technologies and bitcoin. They had diplomatic relations since 2003 and met in September 2023.
The rumor about Qatar being interested in bitcoin doesn't come from nowhere. In 2021 the CEO of the Qatari sovereign wealth fund said that they will consider bitcoin when it becomes a little more mature.
One of the official subjects of the talks in September were Qatar investments in El Salvador, this was a part of the official note. Suddenly 2 months later Keiser who lives in El Salvador came up with that idea. Maybe he was fed this by someone close to Bukele, but it's not confirmed yet, or he really got it right, but I doubt he made it up.

The most probable scenarios are:
-Someone leaked that information to Keiser to mislead him, or was mislead by someone else before telling Keiser.
-The information is real and the Qatari fund had such plans but it's not yet confirmed if they'll go through.

[Wakate]

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 are different rumors in the market and we don't have to keep attention to that since our motive is to invest in cryptocurrency and try as much to take our profits. The market is still at the right price for us to buy and hold for as long as possible. I believe the market is going to be bullish too and that would make us to benefits from the market depending on the quantity of Bitcoin we have or we have invested. If the story is true, that mean Saudi Arabia would be in huge profits by the time the price of Bitcoin skyrocket to $100k. The opportunity that is in cryptocurrency is huge and we don't have to miss it allowing our ignorance to eat us up.

[famososMuertos]

Not only is it going to be the year of Halving, it is the year of rumors, so, it has some history, it is not a classic "news Fake" either, anyway, bitcoin resonates this year with many investors, it is the year where many believe that Bitcoin dreams come true. 

[tyz]

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?

Do you have any sources for these rumors? I haven't read anything about them yet. So far, Saudi Arabia has mainly invested its wealth in foreign bonds and global equity investments, where they regularly receive interest and dividends. Why would they want to invest half a trillion in Bitcoin now? It makes no sense on this scale, unless they are pursuing a longer-term plan to become less dependent on the West.

[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?

Do you have any sources for these rumors? I haven't read anything about them yet. So far, Saudi Arabia has mainly invested its wealth in foreign bonds and global equity investments, where they regularly receive interest and dividends. Why would they want to invest half a trillion in Bitcoin now? It makes no sense on this scale, unless they are pursuing a longer-term plan to become less dependent on the West.

Maybe they plan to nuke Israel and worry about sanctions by the West, similar to the ones given to Russia locked out of Swift and so....

[livingfree]

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.

Good, then next?

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 BTC Spot ETF is way bigger than of this news as those are with trillion dollar investment companies. But everything is welcome on the community and this market.

As long as these are just rumors then it's better to leave it as-is before celebrating or being happy with that news. It's like it's still in the paper and we'd just hear the news when it actuall comes.

[albon]

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?

It will not become a reality, and one should not invest based on rumors and FOMO. It's worth noting that there are no confirmations or reliable sources that have verified the claims regarding Saudi Arabia and the wealthy oil-rich Gulf countries. A Bitcoin enthusiast on X mentioned this rumor as speculation and has quickly spread on social media and news blogs. Now, Several YouTubers have capitalized on this rumor to create videos and generate views.. It is not logical for Saudi Arabia and Qatar to invest $500 billion in Bitcoin, which would constitute approximately 5% of the total circulating supply of Bitcoin, surpassing Wall Street and many other reasons mentioned here. The goal of these people who help spread rumors is to influence the price of Bitcoin through beginners who may believe and invest based on the information presented to them, and the other goal of spreading such rumors is to achieve fame and money.

[Strongkored]

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?

Without a link, the news is not just a rumor but a made-up story. In my opinion for Saudi Arabia allocating $500 billion to buy Bitcoin is not a difficult thing, but have you checked what Bitcoin's current market capitalization is? that's about $783 billion so they will own more than 50% of what is traded, it is very possible that there will be panic because by owning such a large portion they will influence the market and make the Bitcoin market even more unhealthy because they can dump it on the market whenever they want.

[bobbybkk]

Guess if Saudia Arabia really wants to buy 1 Million Bitcoins it will be a low profile project. A couple of thousand here , a couple of thousand there, all spread between plenty of wallets, they are not in a hurry- it will be a longterm project.....

[Julien_Olynpic]

Typically, such rumors are spread by manipulators at the beginning of a bear market, so that the masses of retail speculators do not sell their bitcoins, but create counter liquidity for the exiting whales. This is classic price manipulation. Rumors are perfect for this. Better than rumors are only expectations, although rumors also form expectations. Expectations are not based on anything I must say. If the Saudi Arabian government wanted to buy Bitcoin, it is unlikely that they would spread rumors. They would just buy it and not shout about it at every corner. We will most likely soon have the opportunity to hear denials from Saudi Arabian officials.

[Jason Brendon]

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?

Let's be realistic my friend. Who the f says that?

[Solokan]

Of course recently we have seen the price of Bitcoin rising and of course this is happiness for BTC holders, but in the last few days the price of BTC has been decreasing and I think this is a normal correction and I am sure that at the time of because Halving btc the price of BTC will rise high.
yes, I just read this news here is the link:
https://pintu.co.id/news/67446-arab-saudi-qatar-beli-btc-1juta-dolar

Image Source: https://pintu.co.id/news/67446-arab-saudi-qatar-beli-btc-1juta-dolar
In my opinion, if Saudi Arabia and Qatar buy BTC in that amount, I think BTC holders will party because they will definitely be happy because it will definitely have an impact on increasing the price of BTC, and honestly as a BTC investor I also feel happy if Saudi Arabia and Qatar buy BTC in that amount. which is a lot and I also hope that Qatar and Saudi Arabia buy BTC in large amounts.

But in my opinion, if Saudi Arabia and Qatar don't buy BTC, it's certainly not a problem for BTC holders in the long term because BTC has good cycles and habits such as the BTC halving and Bull Run.