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Qatar Bitcoin Investment Rumors Reignite

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There’s a renewed buzz around Qatar’s investment in Bitcoin. Speculation has been sparked by claims that the private jet of the Qatari Emir was spotted at a Bitcoin conference venue.

According to industry sources on the 5th, Anthony Scaramucci, founder of SkyBridge Capital and a veteran of the hedge fund industry, recently stated through his X (formerly Twitter) account that Qatar could introduce Bitcoin.

Scaramucci cited the sighting of the Qatari Emir’s private Gulfstream G650ER at the Bitcoin Atlantis Conference held on the 1st as evidence.

Rumors that Middle Eastern countries favor Bitcoin over the past few months have been rapidly spreading in the cryptocurrency community. Last September, it was reported that Tamim bin Hamad Al Thani, the Emir of Qatar, had discussed Bitcoin investment with President Nayib Bukele of El Salvador.

Cryptocurrency specialist reporter Justin Valencia also reported that Saudi Arabia and Qatar are preparing to make massive Bitcoin investments amounting to about 1 million BTC through their sovereign wealth funds.

The possibility of Qatar’s sovereign wealth fund investing in Bitcoin has been raised since the end of last year. The cryptocurrency specialist media, ZCrypto, quoted Max Keiser, a prominent Bitcoin advocate, in December, saying, “Qatar is considering buying Bitcoin worth $500 billion with its sovereign wealth funds” and “Bitcoin prices could rise to $100,000.”

No official position from the Qatari authorities has been announced, but Bitcoin is already nearing its all-time high. According to cryptocurrency specialist media such as CoinDesk US, the price of one Bitcoin broke through $67,000 on the 4th. This is a price surge of 7.59% in the last 24 hours.

The breakthrough of the $67,000 line by Bitcoin is the first since November 2021, and it is close to its all-time high of $69,000.

theguru
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