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?
If the rumors can come true this year, of course a more significant price increase could occur for Bitcoin. Because considering the crypto market at the moment it is not so bad to get a price increase as long as big investors continue to make such purchases on Bitcoin and other cryptocurrencies.
I see that the price of Bitcoin today is not very stable because after returning to $40K, it still fell below that level in a very short time. So just hope that the rumors can come true even though there is another possibility that the rumors were deliberately created so that they could move the hearts of other investors to enter the market before a bigger increase occurs.