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. 
Topic: Saudi Arabia 1M BTC BUY !! - page 3. (Read 618 times)
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.
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. 
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.
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. 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’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. 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.
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.
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
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.
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.
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.
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.
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.
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?
NOPE
the saudi portfolio of about $500b is not throwing it all into crypto
they have said their gearing towards investing in the southern asian projects. aswell as the 'BRI'(new silk road) stuff.. and NEOM city
by the way the latest rumour is a month old.. so your out of date, dont expect a pump
max keiser spouted about saudi aramco in december.. and is trying it again this month
then main stream media just sheep copied the narrative without research or confirmation
the same story will probably spin next month too
all of this started from a story from saudi from april 2023
where they said they wanted to spend $500b on the NEOM city and then using crypto make a web3 VR twin of the city to trade, sell.lease virtual property and twin prices
.. then the rumours began about injecting $500b into crypto. and thus the rumour mill span and twisted and weaved all year
Quote from: https://blockworks.co/news/saudi-arabia-fund-crypto-blockchain-vcs date=04th april 2023
Saudi Arabia has plans to build a twin version of its futuristic, $500-billion desert city Neom in a metaverse offering, but it’s unclear whether it will utilize blockchain or crypto.
There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments,
The total capitalization of bitcoin is currently just over 700 billion USD and Saudi Arabia will spend 500 billion USD to buy bitcoin? That sounds funny because if they did that they would buy 60%-70% of the bitcoins circulating on the market.
OP do you have any links to the news you are talking about? Because it sounds very absurd to me and if you read that article, can you tell me why Saudi Arabia made that decision? I know Saudi Arabia is a rich country but I don't think they will spend money without a plan and 500 billion is not a small amount of money. Personally, I really don't believe this.
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.
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.
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 would not be surprised by the Saudi government investing its money in Bitcoin, after all the Saudi government there has strong reasons and if I'm not mistaken, Saudi Arabia is quite friendly with Bitcoin and other crypto. Their money is unlimited right? so by releasing what we think is a very large amount can provide a strong boost. What the Saudi government may realize is that this year Bitcoin could make a profit as it faces a halving year. In my opinion a purchase of $40K is still very worth it, and they don't feel like they are losing out on what they have spent on that amount. 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.
Besides it does not really matter that much if the rumor is true or not, as even if it was true if you are a long term holder at most we could see the price going up higher than what it could have achieved on its own without that purchase, and you will only earn a small amount of money out of it.While those that trade the markets will buy a little bit earlier than expected and also increase their profits by a small margin, so not much will change even if this were to happen.
I haven’t heard any rumour of this happening. It would help if you added a links to articles where it was published. Still, I wouldn’t put it past the Saudis government, they are very prudent with money. In the last few years, they have invested heavily in sports - football and boxing. And have brought major attractions to their country. The only challenge I can think of is their religious belief, I read somewhere that it’s frowned upon for a Muslim to own Bitcoin.
I agree with you here because I haven't heard any rumors about Bitcoin in Saudi. But the OP should have registered the link here. Because the op may have seen it somewhere which is why it said that. Yes it is true that the Saudi government is very prudent with money because they have spent a lot of money on football and boxing in the past few years. The amount of money they spent on buying various stars created a stir all over the world. But in this case I am not making any theory that they can definitely buy bitcoins if they want to. But if they are really buying Bitcoin we will definitely see it in the press very soon. 
There is a rumour going on about an potential $500 billion investment into BTC by the Saudi governments
Rumor is rumor and you should not trust rumor and action because of rumor.Focus on history like historic cycles, halving effects, length of bull and bear markets then make your investment plan to enter and exit the market.
HODL your bitcoins is key to get profit and avoid panic, fear and lose your bitcoin by selling because of news, rumor.
Buy rumors, sell news and that's the way many people use it to make a lot of profit. We don't need to be afraid of rumors, but we need to verify them before deciding whether to believe them or not. Just as many people made huge profits from ETFs rumors for months before it became a reality.
The historical cycle can also change or not repeat, we can expect history to repeat but don't be too subjective because nothing is 100% certain. There is no evidence that history will definitely repeat itself, everything is just predictions and expectations.
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?
So now it is Saudi Government,if this is going to be real and that 500 billion investment into bitcoin?https://coinmarketcap.com/currencies/bitcoin/
This will make Bitcoin into Trillion capitalization again and will make this one to the 100k value that
soon.
But what is the title means? 1million BTC ? if you are talking about 1million bitcoin that 500 billion could buy
then that is wrong because it can buy 10 million bitcoin or more instead given the value now.
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.
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