Hey There,
so nothing of this is confirmed yet, but there is rumour that Alibaba bought $20 Billion in bitcoin. [1]
The rumors "...are coming in following the announcement from the company that its 2021 Q1 earnings report will hit the market on the 13th of May. "
->“Heard a rumor that Alibaba is buying $20 billion in BTC. “quizzed Blockchain and Crypto enthusiast Nikita Sachdev"[1]
-> CNBC’S Ran Neuner tweeted: “USA: Tesla buys $1,5bn in Bitcoin. China: Alibaba, hold my beer.” [1]
"It is possible that Alibaba may have bought some Bitcoin, even though its Chairman Jack Ma had branded the asset a bubble. "[1] But JPMorgan and others were pessimistic about bitcoin in the past too. Now they are offering bitcoin funds and are invested themselfs into bitcoin. That means, even if a CEO or leader is bearish on bitcoin, the company still invests into it.
Actual bitcoinchart:
[2]
This is bullish and even if this is only rumours its good publicity for bitcoin at least.
We will find out at 13th of May.
What do you think? Leet me know by leaving a comment below.
Thank you for your time
[2]: https://www.coingecko.com/de/munze/bitcoin
