Quote from: avikz on January 23, 2024, 04:42:57 AM

Quote from: humanvelocity on January 22, 2024, 08:46:45 PM

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.