Loading...
Market
What is the primary motivation for UAE's Bitcoin investment by mid-2025?
2
Resolution / Starting Odds
Diversification of assets • 25%
Inflation hedge • 25%
Speculative investment • 25%
Other • 25%
Financial analysis reports and statements 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
Sovereign Wealth Funds • 25%
Private Institutions • 25%
Foreign Investments • 25%
Other • 25%
Significant Positive Impact • 25%
Moderate Positive Impact • 25%
Neutral Impact • 25%
Negative Impact • 25%
Significant increase in Bitcoin price • 25%
Significant decrease in Bitcoin price • 25%
No significant change in Bitcoin price • 25%
Other outcomes • 25%
Increase Bitcoin holdings • 25%
Diversify into other cryptocurrencies • 25%
No major investment changes • 25%
Other strategies • 25%
Diversification of reserves • 25%
Hedge against oil volatility • 25%
Attracting tech investments • 25%
Other • 25%
Top 5 • 25%
Top 10 • 25%
Top 20 • 25%
Below Top 20 • 25%