The UAE may hold 40 billion USD in Bitcoin and become a leading holder

Speculation about the UAE’s Bitcoin holdings began with a tweet from Binance’s CEO, suggesting they could rank as one of the top three Bitcoin holders. However, there’s no verification, leaving many traders skeptical about the claim.

Countries like El Salvador are increasingly recognizing Bitcoin as a strategic asset. This trend extends to nations in the Middle East, prompting discussions about potential national accumulation of cryptocurrencies despite skepticism around some specific claims.

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