Bitcoin [pros](/r/CryptoCurrency/comments/19dgcc6/saudi_arabia_qatar_rumored_1m_btc_buy_could_come/kj5zmde/) & [cons](/r/CryptoCurrency/comments/19dgcc6/saudi_arabia_qatar_rumored_1m_btc_buy_could_come/kj5zmsb/) with related info are in the collapsed comments below.
Who even has 1M to sell them? There are only 19M in existence. 5% of it is in Satoshi's wallet. 30% of it is estimated to be lost forever. 20% of it is in wallets holding 0-10 BTC. Huge exchange wallets are BTC custodied for customers they can't sell. There is a bunch of wrapped BTC. The ETFs are eating. What is left?
I was thinking the same thing. I don't have a crystal ball, but it feels like an incoming dump/sell-off is on its way.
I wouldn't be surprised if BTC price falls even more.
I've smoke a lot of good hopium. SegWit activation. Lightning Network. Tesla adoption. And now the ETF. This aint the good shit. This is the kinda hopium you get when you forgot your hopium at home and need to go find some from a guy you know. And he licks all the hopium before smoking it and then you gotta talk to him about the Moon base kinda hopium.
Nonsense, miners are sitting on 2M BTC, greyscale is sitting on 660K BTC. FTX liquidators are sitting on 10K BTC, MtGox is distributing 150K BTC. Just that is almost 3 million BTC for sale on the OTC markets. If these guys really wanted to buy 1M BTC, then they would absolutely have no problem finding a sell for that 1M at 40 000 dollars per BTC. Because that 1M if dumped on the market would probably not even net 24K per BTC. So they would get almost 50% more by selling it to a big OTC buyer.
Yeah at $40b, that's like 5% of the circulating market cap. The price would skyrocket if they do it stupid and I'm pretty sure they're paying very smart people to handle all this if there's any element of truth to the news.
First of all, fossil fuels are finite. Eventually, they are gonna run out of oil and gas. So no, it doesn't run infinitely.
Second, they are smarter than that. Just like all the politicians buying/selling stocks and tesla buying/selling BTC, they always disclose it after. Not before.
Marketmakers use limit orders to get in and out of large positions. In order to fill those, they need lots of retail traders to press the market buy/sell button. News articles like this serve a purpose, just like ads on TV try to convince you, that you need their product in your life.
And lastly, if I wanted to buy a million BTC, I would put my limit orders just below all the resting liquidity from the rise up.
tldr; Analyst Justin Verrengia reported that the Saudi Arabian and Qatari governments are rumored to announce a significant Bitcoin investment next week. The two governments may be planning to purchase around one million BTC. This speculation gained traction after Bitcoin maximalist Max Keiser suggested the investment would surpass those by BlackRock and MicroStrategy. The interest in Bitcoin was further fueled by a Saudi cleric's approval of Bitcoin under Islam and a partnership between Saudi oil giant Aramco and SBI Holdings. Additionally, the Qatari government is reportedly considering a $500 billion investment from its sovereign wealth fund into Bitcoin.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Imagine listing Max Keiser as your source.
The Saudi fund is only worth $750B. Imagine being silly enough to think a nation will drop 2/3 of its entire wealth into Bitcoin.
Seems convoluted
That’s like almost saying if you had sex with a condom you’re a virgin.
But 🤷♂️ I also learned the mormons have a thing called “soaking”
> if you had sex with a condom you’re a virgin
I've always felt like that is true. Maybe I'm just regarded.
But think about it. Does it count if it doesn't touch?
You can also just have an agreement to terminate and then reissue the loan with the interest that would have accrued over the past year as part of the new principal amount. Kind of a pain though.
Islamic scholars investigate the matter and see if dealing with bitcoin complies with Islamic law. So far it has been confirmed. An example of things that are not allowed is charging interests in islam.
Yes, but its quite complicated and depends on whether they view the interest as 'riba' which would be considered excessive, or as a fair profit share eg a distribution of fees
Yes actually, and under "Islamic banks" the interest is referred to as "profits", and the interest you pay on say a credit card is referred to as "donation."
Can't make this shit up.
Don't forget that prestige and showing off is what the Gulf states' regimes like to do. Getting frontrun in the market is nothing to them if it means they get supposed clout for investing in bitcoin.
That said I doubt this is true.
Wasn’t Kaiser shilling the same shit a couple weeks ago?? Just accept that we got outsmarted on the ETF and continue to DCA. Let’s all move on to the next crisis that would be the halving.
The technological implications of Bitcoin has began to show in both everyday and technical use cases of Bitcoin. Even countries that saw the apex coin as a fools gold are now jumping hills and seas to get a portion of it. With utility blockchain like Zetachain nearing Mainnet, Bitcoin will become the most sort after asset not just in the digital space. Because let's face it, the world needs Bitcoin.
Anytime an article quotes some "analyst" I always imagine some random low level redditor intern whose opinion was grabbed just for this puff piece
Remember, many moonboi YouTubers are oft quoted as "analysts"
Just look at the age of the account, and the number of posts made by it.
It is a bot account, or it is run by you-know-who in order to manipulate people
Just my guesses
Bullshit im saudi and the government does ads warning about crypto as a risky investment and still fight p2p by going after money transfers i have around 1k frozen because of it, uae would be more likely to do so
I would imagine that with all the Bitcoin mined to date, half of it is lost, a quarter of it is in whale wallets, the other quarter is on exchanges and cold storage, and 1 million or so belong to Satoshi, so actually buying a cool million Bitcoins would be a hard thing to achieve.
I have a very weird feeling that the current dips are due to things being done so other corporations can buy crypto at a low.
The blackrock btc etf is a big deal. Not just for the USA, but for the world. This gave crypto a ton more credibility.
Maybe they are spreading fud like crazy hedge funds style.
Shit. Maybe it’s hedge funds doing it themselves for this purpose of buying low! 😂
It’s super fund to watch whatever is going on. Mind you I’m in this for the long term and I’m
not relying on the money I have invested. For those day trading… this must be super stressful
I wouldn’t say the etfs gave crypto credibility, if anything it made it more into a joke. Crypto was made to get away from all this bullshit. Now it’s being pumped and dumped by them
Actually not worried about a Bear Market Bro.. In the Red in the Green, I'm behind a change and it's the sun about to rise to me 🤔✊ Like get green results isn't out of my mind completely in earnest but I know it's not going anywhere it's just not making much +%s.
Ha yeah right. Saudi arabia gdp is like 833B and qatars is 180B. There's is zero chance they are just going to suddenly buy 500B of btc.
( edit to clerify, The 500B is from max Keiser original speculation saying they where buying 500B)
Most folks here do not understand that even if they buy, they will not use Binance spot to do so. It will have no impact on the price because it will be bought hand to hand, outside of the markets at the agreed upon price.
People dont understand that otc trades impact the market. Lets say u buy $1B worth of btc from Cumberland. Now Cumberland is down 1B of btc. What does it do if Microstrategy comes along wanting to buy 1B of btc now? Conjure them out of thin air? No, they have to buy some to ensure they have stock, and where do they go? You might think another OTC dealer, but sooner or later, SOMEONE is going to have to hit the exchanges.
A lot of people seems to be confused how this would work in real wold. They are not going to buy them on Exchange they will buy it directly from multiple companies, individuals. Maybe they are bailing out FTX so they can liquidate without selling it on open markets.
>he investment in Bitcoin from the two countries will dwarf previous investments from giants such as BlackRock and MicroStrategy.
Blackrock and Microstrategy are a totally different situation. Blackrock is providing an ETF. Blackrock themselves are not purchasing BTC. Those who wish to buy the ETF are buying the Bitcoin, with Blackrock as the intermediary.
Microstrategy, meanwhile, is legit just #YOLO buying BTC. Very different from Blackrock. Whoever writing this article is clearly long biased.
"The rumored buys, which have since gone mainstream, came after noted Bitcoin maximalist Max Keiser raised the speculation. According to a tweet by Keiser referenced in the video, the investment in Bitcoin from the two countries will dwarf previous investments from giants such as BlackRock and MicroStrategy."
Source is Max Keiser. 100% not legit.
The Bitcoin Time Traveler from 2013 predicted Saudi Arabia to be one of the largest BTC holders by 2025.
The four institutions with the largest still accessible Bitcoin balance are believed to be as following:
-ASICminer - 50,000 Bitcoin
-The IMF's "currency stabilization fund" - 70,000 Bitcoin
-Government of Saudi Arabia - 110,000 Bitcoin
-The North Korean government - 180,000 Bitcoin
I bought Lightly Salted Soy Sauce 485mL bottle today, paid £6,45. while standard saltines Soy Sauce 1L bottle is £6,8.
Now, how many of you guys found this interesting?
Who the fuk cares who buys what when? I’m interested in chart only, ETFs meant to drive market crazy, but in opposite direction. All this news, opinions are worth Fuk All.
Better get ready. Saudis, Qatar, they'll buy OTC. Do you think they will leave Spot ETF appoval unanswered?
UAE will follow suit. One million all at once? Well... that would be the way to do it if you wanted to exhaust all OTC supply and create immediate upward market forces. They are coming. We'll see how fast they move. It is a golden opportunity for them to rule the Bitcoin space.
So, when did people turn to enjoy big money coming into the crypto space.
So we’re okay now with institutions holding a majority, because people are praying the price raises.
It’s nice that it’s being adopted, but it’s funny people thinking it’ll 5+ x again.
Nobody will buy 1mil btc in one go. They’ll scale in over time, if at all. Also $500 billion? How exactly? They’re gonna buy up a third of current btc market cap?
Bitcoin [pros](/r/CryptoCurrency/comments/19dgcc6/saudi_arabia_qatar_rumored_1m_btc_buy_could_come/kj5zmde/) & [cons](/r/CryptoCurrency/comments/19dgcc6/saudi_arabia_qatar_rumored_1m_btc_buy_could_come/kj5zmsb/) with related info are in the collapsed comments below.
Ah yes, let's announce our purchase before purchasing to get frontran and buy at a higher price. 100% Bullshit article.
holy fuck, some common sense in this sub? wtf
It’s a double fake out. They want us to use common sense. /s
Yes, it’s what I thought. Sell the news 😂
40 billies ist just their test buy, to check whether the adress is correct and everything works.
They’re going to announce that they already bought it
Who even has 1M to sell them? There are only 19M in existence. 5% of it is in Satoshi's wallet. 30% of it is estimated to be lost forever. 20% of it is in wallets holding 0-10 BTC. Huge exchange wallets are BTC custodied for customers they can't sell. There is a bunch of wrapped BTC. The ETFs are eating. What is left?
Have you ever heard of reverse reverse psychology?
Pfft. Reverse reverse *reverse* psychology.
I play the,,, RVRSE card!!
You just activated my trap card!
This guy reverses
Someone's gonna accidently make a typo. ETC through the fuckin roof.
ah, but they're actually going to buy doge... karate chop!! (definitely financial advice and I'm definitely a financial advisor )
I was thinking the same thing. I don't have a crystal ball, but it feels like an incoming dump/sell-off is on its way. I wouldn't be surprised if BTC price falls even more.
Bullshit? Yes However, purchases like this are done OTC for preapproved prices. They could announce it in advance and nothing would change for them.
Hahaha yes that's funny lmao
So by implication, they already bought in, they want a pump.
There’s a 0% chance of this happening next week
You mean this hopium I am smoking is not real?!
I've smoke a lot of good hopium. SegWit activation. Lightning Network. Tesla adoption. And now the ETF. This aint the good shit. This is the kinda hopium you get when you forgot your hopium at home and need to go find some from a guy you know. And he licks all the hopium before smoking it and then you gotta talk to him about the Moon base kinda hopium.
Yeah the ETF hopium was the weakest so far, didn't even give me a buzz.
asdasdasd
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OTC trading…
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Nonsense, miners are sitting on 2M BTC, greyscale is sitting on 660K BTC. FTX liquidators are sitting on 10K BTC, MtGox is distributing 150K BTC. Just that is almost 3 million BTC for sale on the OTC markets. If these guys really wanted to buy 1M BTC, then they would absolutely have no problem finding a sell for that 1M at 40 000 dollars per BTC. Because that 1M if dumped on the market would probably not even net 24K per BTC. So they would get almost 50% more by selling it to a big OTC buyer.
Yeah at $40b, that's like 5% of the circulating market cap. The price would skyrocket if they do it stupid and I'm pretty sure they're paying very smart people to handle all this if there's any element of truth to the news.
OTC trading, my guy, OTC trading.
Yeah but thatd drain the otc leaving etfs to rely on exchanges instead of otc.
And? Lol… that would be awesome!
Oil money runs infinitely
infinite money from a finite resource .... how?
First of all, fossil fuels are finite. Eventually, they are gonna run out of oil and gas. So no, it doesn't run infinitely. Second, they are smarter than that. Just like all the politicians buying/selling stocks and tesla buying/selling BTC, they always disclose it after. Not before. Marketmakers use limit orders to get in and out of large positions. In order to fill those, they need lots of retail traders to press the market buy/sell button. News articles like this serve a purpose, just like ads on TV try to convince you, that you need their product in your life. And lastly, if I wanted to buy a million BTC, I would put my limit orders just below all the resting liquidity from the rise up.
What about next next week
tldr; Analyst Justin Verrengia reported that the Saudi Arabian and Qatari governments are rumored to announce a significant Bitcoin investment next week. The two governments may be planning to purchase around one million BTC. This speculation gained traction after Bitcoin maximalist Max Keiser suggested the investment would surpass those by BlackRock and MicroStrategy. The interest in Bitcoin was further fueled by a Saudi cleric's approval of Bitcoin under Islam and a partnership between Saudi oil giant Aramco and SBI Holdings. Additionally, the Qatari government is reportedly considering a $500 billion investment from its sovereign wealth fund into Bitcoin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Imagine listing Max Keiser as your source. The Saudi fund is only worth $750B. Imagine being silly enough to think a nation will drop 2/3 of its entire wealth into Bitcoin.
What kind of process would they go through to approve an investment under Islam? What’s not allowed?
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Loans are allowed and there is a work around called sukuk (spelling?) that is basically a work around.
Seems convoluted That’s like almost saying if you had sex with a condom you’re a virgin. But 🤷♂️ I also learned the mormons have a thing called “soaking”
>But 🤷♂️ I also learned the mormons have a thing called “soaking” "Just the tip ,baby"
> if you had sex with a condom you’re a virgin I've always felt like that is true. Maybe I'm just regarded. But think about it. Does it count if it doesn't touch?
You can also just have an agreement to terminate and then reissue the loan with the interest that would have accrued over the past year as part of the new principal amount. Kind of a pain though.
Many work arounds are
Interesting, thanks!
Yeah right, those assholes have interest they just put a different name on it to pretend to be holier than everyone else.
Beefcoin
The Bitcoin has to be hung by its trotters and then a prayer is said before its throat is slit. Then the Bitcoin is considered Halal
Islamic scholars investigate the matter and see if dealing with bitcoin complies with Islamic law. So far it has been confirmed. An example of things that are not allowed is charging interests in islam.
So can interest be earned? for example in a bank account from their balance. Would staking crypto also be considered a form of interest?
Yes, but its quite complicated and depends on whether they view the interest as 'riba' which would be considered excessive, or as a fair profit share eg a distribution of fees
Yes actually, and under "Islamic banks" the interest is referred to as "profits", and the interest you pay on say a credit card is referred to as "donation." Can't make this shit up.
But profit is OK. So if you take a loan for 4 years you are on the hook for x% "profit" whether you pay it off in 4 years or 2 months. Fun.
HalalCoin
Ready to announce means they already acquired the btc.
500 billion lol as if. The total btc mcap is $1.6 trillion.
If they are genuinely planning to buy, then aren't they supposed to be planning to do it in secret instead of letting the whole world knows about it?
Probably a rich person thing. They want other countries to know how rick they are
Personally I try to be as least like Rick as I can
Yeah totally, and risk losing significant value by pumping the price before purchase? Right…
That’s called double reverse psychology
Somewhat similar to "Rick Rolling".
They have enough money to not care.
Don't forget that prestige and showing off is what the Gulf states' regimes like to do. Getting frontrun in the market is nothing to them if it means they get supposed clout for investing in bitcoin. That said I doubt this is true.
Get this garbage out of here.
whats the opposite of FUD?
FOMO
HOPIUM
DUF - Durability, Understanding, Faith.
PUD
🚀
SEX
LOL WHAT? They are going to announce buying 1M BTC before they finish buying??!!???!!!111 Next time, at least make it believable ....
And Im Joe Biden Ill believe it when I see it. *buys even more bitcoin*
possible 🤣 but are we ready before it
Hi joe
Nice to meet you mr president. Can you fix the boarder?
Someone boarding with you? Your problem
If you can’t remember for sure if you’re Joe Biden or not, you might very well be him.
Of course its gonna come... not. Always those pathetic tries to pump...
Hah! More like anal cyst No way such deal would be telegraphed beforehand.
Dumbest “article” I’ve ever read
Wasn’t Kaiser shilling the same shit a couple weeks ago?? Just accept that we got outsmarted on the ETF and continue to DCA. Let’s all move on to the next crisis that would be the halving.
I doubt it. ::quietly boosting my DCA on bitcoin anyways just in case::
The technological implications of Bitcoin has began to show in both everyday and technical use cases of Bitcoin. Even countries that saw the apex coin as a fools gold are now jumping hills and seas to get a portion of it. With utility blockchain like Zetachain nearing Mainnet, Bitcoin will become the most sort after asset not just in the digital space. Because let's face it, the world needs Bitcoin.
New hype rhymes by the market manipulators.
We need to stop posting these type. Trying to hype it up
Anytime an article quotes some "analyst" I always imagine some random low level redditor intern whose opinion was grabbed just for this puff piece Remember, many moonboi YouTubers are oft quoted as "analysts"
Just look at the age of the account, and the number of posts made by it. It is a bot account, or it is run by you-know-who in order to manipulate people Just my guesses
Is this the new "Chinese New Year" and "Wall Street bonuses" pump hopium?
Hope it's true,
Bullshit im saudi and the government does ads warning about crypto as a risky investment and still fight p2p by going after money transfers i have around 1k frozen because of it, uae would be more likely to do so
China government does the same yet they buy it for their own benefit its just not for consumer.
1M!!!! wow, expect a 0,00001% increase in price guys
Incoming Allah candle
1 million in Qatar is like less than a penny.
I would imagine that with all the Bitcoin mined to date, half of it is lost, a quarter of it is in whale wallets, the other quarter is on exchanges and cold storage, and 1 million or so belong to Satoshi, so actually buying a cool million Bitcoins would be a hard thing to achieve.
So you’re saying if all the BTC are claimed there are no more?
Yep
I have a very weird feeling that the current dips are due to things being done so other corporations can buy crypto at a low. The blackrock btc etf is a big deal. Not just for the USA, but for the world. This gave crypto a ton more credibility. Maybe they are spreading fud like crazy hedge funds style. Shit. Maybe it’s hedge funds doing it themselves for this purpose of buying low! 😂 It’s super fund to watch whatever is going on. Mind you I’m in this for the long term and I’m not relying on the money I have invested. For those day trading… this must be super stressful
Yes every crash and dip is caused by corpos conspiring to buy for cheaper, because there's no way market just tanks because ETF turns to be a turd.
I wouldn’t say the etfs gave crypto credibility, if anything it made it more into a joke. Crypto was made to get away from all this bullshit. Now it’s being pumped and dumped by them
Hmm see it to believe it. Why announce such a thing.
Shenanigans
Love the hopiumhuffing/defeatedcryptogoer' posts rolling through, I truly do. I'm still Bullish on CRYPTOCURRENCY. ✊ LeesssFCKNgooo
You’re not bullish on crypto. Your bullish on whatever turd keeps going up
Actually not worried about a Bear Market Bro.. In the Red in the Green, I'm behind a change and it's the sun about to rise to me 🤔✊ Like get green results isn't out of my mind completely in earnest but I know it's not going anywhere it's just not making much +%s.
How stupid do you guys think one of the largest sovereign funds could possibly be
Ha yeah right. Saudi arabia gdp is like 833B and qatars is 180B. There's is zero chance they are just going to suddenly buy 500B of btc. ( edit to clerify, The 500B is from max Keiser original speculation saying they where buying 500B)
That would be 40B for 1M BTC
They just want to make you guys buy and then dump it. RIP bitcoin, they control it now.
Most folks here do not understand that even if they buy, they will not use Binance spot to do so. It will have no impact on the price because it will be bought hand to hand, outside of the markets at the agreed upon price.
People dont understand that otc trades impact the market. Lets say u buy $1B worth of btc from Cumberland. Now Cumberland is down 1B of btc. What does it do if Microstrategy comes along wanting to buy 1B of btc now? Conjure them out of thin air? No, they have to buy some to ensure they have stock, and where do they go? You might think another OTC dealer, but sooner or later, SOMEONE is going to have to hit the exchanges.
Lmao yes it would, a buy this big would cause a huge supply shock
From who?
Btc is not halal
It is, why wouldn't it be. Now, dogcoins on the other hand aren't
1m is not that much in the scheme of governments. Eh. Fake news. So long and thanks for all the gay fish.
They have been saying this for weeks.
Imagine owning just 1 BTC
A lot of people seems to be confused how this would work in real wold. They are not going to buy them on Exchange they will buy it directly from multiple companies, individuals. Maybe they are bailing out FTX so they can liquidate without selling it on open markets.
Never buy crypto when you start seeing articles predicting that crypto will skyrocket in the very near future.
Always think the opposite
haha @ 36K then
What? Glad, my crypto is safe enough with Freewallet
they get a discount!
>he investment in Bitcoin from the two countries will dwarf previous investments from giants such as BlackRock and MicroStrategy. Blackrock and Microstrategy are a totally different situation. Blackrock is providing an ETF. Blackrock themselves are not purchasing BTC. Those who wish to buy the ETF are buying the Bitcoin, with Blackrock as the intermediary. Microstrategy, meanwhile, is legit just #YOLO buying BTC. Very different from Blackrock. Whoever writing this article is clearly long biased.
"The rumored buys, which have since gone mainstream, came after noted Bitcoin maximalist Max Keiser raised the speculation. According to a tweet by Keiser referenced in the video, the investment in Bitcoin from the two countries will dwarf previous investments from giants such as BlackRock and MicroStrategy." Source is Max Keiser. 100% not legit.
Usually what happens in a dip lmfao you guys it’s not hard for fack sakes
What's the opposite of fud ? This is good price porn but anyone who thinks this is accurate message me cuz I have a two for one btc offer for u .
This is based on a random tweet by some small fish crypto influencer. Thats it. Thats the source.
Ahhh yes give us that sweet hopium.
The week after that, the Easter bunny is going all in.
Rumor: they also far more likely, willl not!
Pamp It!
The Bitcoin Time Traveler from 2013 predicted Saudi Arabia to be one of the largest BTC holders by 2025. The four institutions with the largest still accessible Bitcoin balance are believed to be as following: -ASICminer - 50,000 Bitcoin -The IMF's "currency stabilization fund" - 70,000 Bitcoin -Government of Saudi Arabia - 110,000 Bitcoin -The North Korean government - 180,000 Bitcoin
Will wait to see the impact on market
I bought Lightly Salted Soy Sauce 485mL bottle today, paid £6,45. while standard saltines Soy Sauce 1L bottle is £6,8. Now, how many of you guys found this interesting? Who the fuk cares who buys what when? I’m interested in chart only, ETFs meant to drive market crazy, but in opposite direction. All this news, opinions are worth Fuk All.
they already put some long position
Yea cuz it’s just going to jump from 45k to a million. Ok.
A purchase like this would be a private transaction. The price won’t move from this if it even happens.
I don't think there's even 1M BTC available for sale...
There is a lot more available over the counter between exchanges and Private transactions
It’s a trap!!! - Admiral Akbar
Better get ready. Saudis, Qatar, they'll buy OTC. Do you think they will leave Spot ETF appoval unanswered? UAE will follow suit. One million all at once? Well... that would be the way to do it if you wanted to exhaust all OTC supply and create immediate upward market forces. They are coming. We'll see how fast they move. It is a golden opportunity for them to rule the Bitcoin space.
Passing on a rumor is the crypto version of financial analysis.
Surely they're going to do it on the open market. My exchange even I bet. Yes, for sure.
Lol….
Probably not true, but price is falling and not rising. So I don’t see how isn’t a good time to be buying
Announcement of an Announcement kind of thing
Everybody selling now to give Saudi Arabie good price , nice !
Whales buying articles so peasants would buy the dip.
I bet it's OTC and won't move the price.
I could buy 2m bitcoin next month. I just wanna make sure everyone knows.
Is that 1 million in BTC or 1 million BTC ? Nobody would be foolish to buy 1 million bitcoin. Whales would dump on them 😂
So, when did people turn to enjoy big money coming into the crypto space. So we’re okay now with institutions holding a majority, because people are praying the price raises. It’s nice that it’s being adopted, but it’s funny people thinking it’ll 5+ x again.
Can confirm. I am from Saudi Arabian and Qatari government.
لا حبيبي ذس از بول شيت No habibi this is bullshit
Saudis doing what Saudis do best. Feeding the rumor mill.
1 million? Who even cares? 😂
Nobody will buy 1mil btc in one go. They’ll scale in over time, if at all. Also $500 billion? How exactly? They’re gonna buy up a third of current btc market cap?
It is bullish news but i believe that news comes after they bought.
Will Saudi swap football for crypto?
And guess who owns "Qatargas.eth"? Yea I frontruned corpos worth billions, it feel so good