Alibaba may have invested $ 20 billion in Bitcoin (BTC), allegedly

The first day of the second quarter of the year shows an upward trend for the cryptocurrency community.

The first day of the second quarter of the year shows an upward trend for the cryptocurrency community. While Bitcoin tends to retest the $ 60,000 level, Ethereum closed April above $ 2800 , giving investors hope for the long-awaited $ 3,000 level.You can follow us on our Twitter and Telegram channels to be informed instantly about the last minute developments .

All these movements of the market gave the community even more hope for the rise, while a rumor took things further. According to allegations, China-based e-commerce company Alibaba purchased Bitcoin allegedly worth $ 20 billion.

Did Alibaba Really Invest $ 20 Billion?

The rumor on crypto Twitter is that the e-commerce giant gets a fair share of Bitcoin for its company. It’s a fair share because it would be right for Alibaba to join its global peers in the race for Bitcoin ownership. With the news that the company’s 2021 – 1st quarter earnings report will be announced on May 13, such a rumor has emerged.

Like every other quarterly financial report, this will include significant total figures that reflect the company’s growth in the first quarter of the year. Crypto money by community members, listing the company’s return on Bitcoin -that is, of course rumors doğruysa- expected. It is even stated that the purchase was made before, according to some claims.

No official sources either confirmed or denied the rumors. However, key players in the Bitcoin community made statements regarding the issue. Nikita Sachdev, a prominent figure in the blockchain and crypto world, said he heard rumors that Alibaba bought $ 20 billion in BTC.

CNBC’s Ran Neuner also referred to this issue in a humorous way.

While President Jack Ma has branded the asset as a bubble, it is possible that Alibaba bought some Bitcoin. As we’ve seen before, JPMorgan and many other mainstream firms provided Bitcoin services to their clients, while their leaders have been downward-leaning or neutral on asset.

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