Die VAE haben still und leise eine Bitcoin-Reserve in Höhe von 453 Millionen US-Dollar aufgebaut
The UAE Has Quietly Built Up a $453 Million Bitcoin Reserve: Arkham
Die VAE haben still und leise eine Bitcoin-Reserve in Höhe von 453 Millionen US-Dollar aufgebaut
The UAE Has Quietly Built Up a $453 Million Bitcoin Reserve: Arkham
5 Kommentare
I think **most countries** will want to hold some Bitcoin **to ensure safety** while Bitcoin is still relatively cheap. Even though the future is uncertain, it’s still worth holding Bitcoin as part of your assets.
Even if they did that loudly no one would care for half a bil.
Thats like me having 20 dollars worth of bitcoin.
While interesting it looks like it’s more of a ’soft‘ reserve since while they have not sold recently they did a few months ago. It’s also soft because there isn’t any sort of policy mandate, special custody or other completely official rules(that we know of).
It’s also interesting that their ‚reserve‘ is made out of just mining rather than purchases. This will constrain supply over time as it’s absorbing the future supply rather than existing supply.
What I would want to see is a formalization of a reserve and their intended plans for it(meaning are they going to sell regularly). Right now it sounds like it’s not very different than a lot of other mining operations.
Not that quiet if there’s an article about it