Loading...
Market
Will UAE become the largest Bitcoin holder among sovereign states by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Reports from credible financial or crypto analytics firms
Story
UAE Amasses $40 Billion in Bitcoin Holdings with Support from Sovereign Wealth Funds and Private Institutions
Dec 22, 2024, 01:01 PM
The United Arab Emirates (UAE) has reportedly amassed $40 billion in Bitcoin holdings, positioning itself as a major player in the cryptocurrency market. This development has been attributed to the involvement of sovereign wealth funds and private institutions, indicating a strong commitment to digital assets amid global economic uncertainty. While numerous sources, including Binance CEO Zhao Changpeng, have confirmed this figure, the information's verification remains unclear as it lacks official confirmation. The UAE's strategic investments in Bitcoin reflect its broader ambitions to establish itself as a global crypto powerhouse, supported by favorable regulations and a conducive environment for cryptocurrency activities.
View original story
Similar markets
Significant decrease in Bitcoin price • 25%
Other outcomes • 25%
No significant change in Bitcoin price • 25%
Significant increase in Bitcoin price • 25%
Speculative investment • 25%
Other • 25%
Diversification of assets • 25%
Inflation hedge • 25%
Other strategies • 25%
Diversify into other cryptocurrencies • 25%
No major investment changes • 25%
Increase Bitcoin holdings • 25%
China • 25%
El Salvador • 25%
United States • 25%
Other • 25%
India • 25%
United States • 25%
Russia • 25%
China • 25%
United States • 25%
China • 25%
El Salvador • 25%
Other • 25%