Quote from: tyz on Today at 09:58:40 PM

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?

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....