SAUDI ARABIA IS BUYING BILLIONS
MASSIVE IF TRUE !!!
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Response 1
That would indeed be massive if true — but as of now, there's no verified public evidence that Saudi Arabia is buying billions worth of Bitcoin or Ethereum directly. However, there are a few nuances worth considering:
Sovereign Wealth Fund Activity: Saudi Arabia’s Public Investment Fund (PIF) is one of the largest sovereign wealth funds in the world. While it hasn’t publicly disclosed crypto holdings, it has invested in blockchain-related tech and is watching the space closely.
Regional Interest: The UAE (especially Abu Dhabi and Dubai) is making huge moves in crypto infrastructure and regulation. If Saudi Arabia is following suit, it would be a major shift in regional policy.
Rumors and Market Impact: The crypto space is highly sensitive to rumors like these. Even the possibility of sovereign nations buying crypto can cause major market movement.
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