Market
Will UAE Bitcoin holdings exceed $50 billion by December 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Financial reports or announcements from UAE financial authorities
Story
UAE Gold Reserves Surge 28% in 2024; Bitcoin Holdings Reach $40 Billion, Including 300k BTC
Dec 22, 2024, 11:22 AM
The United Arab Emirates (UAE) has reportedly increased its gold reserves by 28% in 2024, signaling a robust commitment to precious metals amid global economic uncertainties. Concurrently, the UAE's Bitcoin holdings have surged to $40 billion, bolstered by investments from sovereign wealth funds and private institutions. This move positions the UAE as a significant player in the cryptocurrency market, reflecting a broader trend of nations adopting digital currencies. However, some skepticism exists regarding the authenticity of the Bitcoin figures, with calls for official confirmation of these holdings. The UAE's strategic focus on both gold and cryptocurrency illustrates its efforts to diversify its financial assets in a changing global landscape.
View original story
Similar markets
Top 5 • 25%
Top 20 • 25%
Below Top 20 • 25%
Top 10 • 25%
Private Institutions • 25%
Sovereign Wealth Funds • 25%
Foreign Investments • 25%
Other • 25%
Other outcomes • 25%
Significant increase in Bitcoin price • 25%
Significant decrease in Bitcoin price • 25%
No significant change in Bitcoin price • 25%
Other strategies • 25%
No major investment changes • 25%
Increase Bitcoin holdings • 25%
Diversify into other cryptocurrencies • 25%
Neutral Impact • 25%
Significant Positive Impact • 25%
Moderate Positive Impact • 25%
Negative Impact • 25%
