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".