by Nicolas T., Coin Tribune:
The inimitable Max Keiser has reignited the rumor. Qatar is reportedly about to invest 500 billion in bitcoin. Just that…
This is not the first time rumors have swirled about Qatar. They date back to 2021 when the CEO of the Qatari sovereign wealth fund stated that bitcoin needed “to be a little more mature” before his fund could consider investing in it.
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Then, in the summer of 2022, in line with the prevailing clichés, Mansoor Bin Ebrahim Al Mahmoud mistakenly said that his fund was “not interested in cryptocurrencies per se”, but rather in “the underlying technology of blockchain”…
Fortunately, today, hardly anyone argues that the “bLockCHain” can be used for anything other than bitcoin. It’s like believing in planes, but not so much in wings.
Has the head of the Qatari sovereign wealth fund realized this? That’s what Max Keiser suggests when he says “the rumors are thickening”…
“Rumor has it that the Qatari sovereign wealth fund intends to buy 500 billion dollars’ worth of bitcoin,” he tweeted.
The God Candle, a $100,000 uptick in #Bitcoin is in play.
It will shift the global axis of wealth and power in 1 tick. https://t.co/69Kxrp47Fa
— Max Keiser (@maxkeiser) December 4, 2023
The Salvadorian ambassador has probably gotten carried away, as he often does. Indeed, the most recent estimates place the Qatari fund’s value at just 475 billion dollars…
But there’s no smoke without fire. The Emir of Qatar even visited El Salvador as recently as this past September…
Did President Bukele convince His Highness Tamim bin Hamad Al Thani to embrace bitcoin?
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