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.