Rumors have been circulating online about Saudi Arabia and Qatar purchasing millions in Bitcoin and Ethereum, sparking heated debate on social media platforms. But let’s analyze these claims: 🕵️♂️ ❌ 🔍 While the Saudi Central Bank did recently invest in MicroStrategy, a company owning over 568,000 Bitcoin, there’s no official confirmation of direct purchases by Saudi Arabia or Qatar. The origin of this information is unclear and lacks verifiable evidence. The lack of concrete proof suggests that claims circulating online may be based on social media hype rather than factual data. Despite the uncertainty, it’s clear that Saudi Arabia is deeply involved in the cryptocurrency market. Its recent investment in MicroStrategy shows a growing interest in the crypto space. We will continue to monitor this developing story and find out what impact, if any, this potential investment may have on global crypto markets.