The UAE is rumored to own $40 billion worth of Bitcoin

Rumors are circulating in the cryptocurrency sector that the UAE owns more than $40 billion worth of Bitcoin.

These whispers gained traction after a mysterious tweet from Binance founder and former CEO Changpeng Zhao.

Rumors of Bitcoin wealth in UAE highlight nation-state accumulation trends

On December 22, Zhao quote An unconfirmed report indicated that the UAE has stored nearly $40 billion in top cryptocurrencies.

If this is true, cryptocurrency analyst Trader T reported that this means the Middle Eastern country owns 411,978 BTC and is likely in the top three. Bitcoin Owners at the global level and the owner of the national government above all.

This revelation sparked intense discussions and varying degrees of skepticism within the cryptocurrency community. Despite the hype, this information remains unconfirmed and based solely on speculative sources.

“People consider $40 billion worth of Bitcoin to be a fact. From all publicly available information, this has not been confirmed. It is just a rumor that started in 𝕏 and now it has been taken as fact,” Bitcoin Archive books.

The idea of ​​nation-states, especially the rich countries of the Middle East, Bitcoin storage Nothing new. Last month, some rumors suggested that regional powers such as Saudi Arabia and Qatar may also be working to increase their Bitcoin reserves with the value of the digital asset rising above $90,000.

However, these rumors remain unconfirmed at the time of publishing this article. However, market watchers said these recurring stories underscore a growing trend of countries seriously considering and perhaps considering this Working on Bitcoin accumulation strategies.

In fact, the market has witnessed concrete examples of this trend, especially in El Salvador. the country recently increased its investments in Bitcoin, Buy 11 additional units of the leading digital currency. According to official data, her total holdings amount to 5,993.77 Bitcoin, worth approximately $575 million.

This step came despite precedent Agreements with the International Monetary Fund To reverse these policies. but, Salvadoran authorities More progress has been made Towards increasing their stock of BTC. In this context, Max Keyser, a senior advisor to the President of El Salvador, revealed plans to increase the country’s Bitcoin reserves by 20,000 Bitcoin.

“El Salvador is moving toward a peaceful Bitcoin standard. Interim goal is at [El Salvador] “He’s getting another 20,000 bitcoins,” Keizer said male.