ALI BABA buys $20 billion worth bitcoins

[bitbit97]

I believe this information is not verified yet, because Alibaba is a big company and if that really happens it will be big news everywhere. just Imagine $20 Billion is a huge amount of money so it will not be a secret if it is true so now that this info has no reliable source I can say that it was a piece of satirical news.

True. We must wait for a confirmation from Alibaba. Otherwise this looks like a fake announcement. The screenshot does not look close to something official, but looks like a screenshot from social media. If $20 billions are really invested, then the market would react immediately. Such amount can not be invested and disappeared between market numbers.

[Afony]

Maybe they want to push the market with such news, but if such a purchase takes place, the market will jump a few points up. True, for a long time there was a conversation with Alibaba about this purchase, but it was delayed.

[mlawson71]

Have they made any actual statement about it?

[Freemind]

Maybe they want to push the market with such news, but if such a purchase takes place, the market will jump a few points up. True, for a long time there was a conversation with Alibaba about this purchase, but it was delayed.

It is possible that they say it to raise the market as you say, but I think it is a double edged sword post a news that cannot be verified with reliable sources. I think this may affect the market in a way contrary to what we have said initially, so I think it is always better to wait for the news to appear in more sources.

[gabbie2010]

Maybe they want to push the market with such news, but if such a purchase takes place, the market will jump a few points up. True, for a long time there was a conversation with Alibaba about this purchase, but it was delayed.

It is possible that they say it to raise the market as you say, but I think it is a double edged sword post a news that cannot be verified with reliable sources. I think this may affect the market in a way contrary to what we have said initially, so I think it is always better to wait for the news to appear in more sources.

I don't believe the news is real else the whole crypto market would have been flooded with the news that ALIBABA had bought huge amount of Bitcoin, recall when Elon Musk of TESLA invested in Bitcoin a lot media outlets made the announcement infact the price of Bitcoin pump that time, if that of ALIBABA is real the price of Bitcoin would have pump based on the news

[Confero]

Where can I read this news, I didn't find it in my searches.  If it is true that someone buys Bitcoin in this amount, this will certainly increase the price of Bitcoin. Because if there are large investors investing in Bitcoin it will encourage interest from other small investors.

[bitbit97]

Where can I read this news, I didn't find it in my searches.  If it is true that someone buys Bitcoin in this amount, this will certainly increase the price of Bitcoin. Because if there are large investors investing in Bitcoin it will encourage interest from other small investors.

You havent found it because this is just a rumor. One had told that Alibaba has invested, others thought that this is true and chain reaction of fake news started.
If Alibaba would have invested, Bitcoin price would have skyrocketed immediately. Instead if just felt down due to Mask tweet.

[Freemind]

Where can I read this news, I didn't find it in my searches.  If it is true that someone buys Bitcoin in this amount, this will certainly increase the price of Bitcoin. Because if there are large investors investing in Bitcoin it will encourage interest from other small investors.

Do not look for any news related to this topic because you will not find it in any reliable source, they are just rumors and fake news created to increase the FOMO in Bitcoin and cryptocurrencies in general. If Ali baba invests in Bitcoin one day, do not doubt that the news will appear in all the media in which we are used to looking for information.

[Malam90]

Alibaba has bought Bitcoin now but we have sold few months ago. That's the difference between institutional buyers and small buyers.

[mlawson71]

I wonder if they would allow people to pay them in Bitcoin, now that Tesla is not interested in that anymore.