Some of the major oil-producing countries in the Gulf region may be considering purchasing Bitcoin at a sovereign level, according to recent news reports. Saudi Arabia, the United Arab Emirates, and Qatar may all be involved, with their sovereign funds potentially disclosing more information at the Abu Dhabi Bitcoin Summit from December 9th to 10th.
The total assets under management for these countries have exceeded US$2 trillion, and their potential investments in Bitcoin could have a significant impact on the global crypto asset market.
