Qatar's Sovereign Wealth Fund Denies Direct Investment in Bitcoin

Against the background of the record growth of bitcoin, a wallet came to the attention of analysts, whose balance reached 50,000 BTC (almost $ 3.3 billion) within a few weeks. The frequency and regularity of BTC purchases have led crypto experts to believe that its owner may be a country seeking to diversify the portfolio of its sovereign wealth fund, a secret billionaire or a bank accumulating BTC before launching its own ETFs.

Speculation around the "Mr. 100" crypto wallet began in December 2023 after the advisor to the President of El Salvador, Max Kayzer, suggested that the Qatar Investment Authority (QIA) could be behind the identity of the mysterious bitcoin investor. Citing his sources, Max Kaiser announced Qatar's interest in investing about $500 billion in bitcoins.

A few days ago, Anthony Scaramucci indirectly confirmed Kaiser's assumption by posting a response tweet to his message on the internet.

"Qatar may have included bitcoins in its balance. Thank you, Max Kaiser!" the founder of Skybridge Capital wrote.

The QIA administration refused to give any official comments to the press on this matter and stated that any turnover of crypto assets in Qatar is prohibited, and the Central Bank of Qatar has declared bitcoin trading illegal due to their volatility and alleged use for criminal purposes. QIA representatives noted that when choosing investment directions, the emphasis is on blockchain, rather than on direct investments in crypto assets.

However, according to Talal Tabbaa, CEO of the regional cryptocurrency exchange CoinMENA, which was the first to enter the Qatari market, drastic changes in the digital asset market may prompt Qatar to consider bitcoins as a viable component of its financial strategy.

Source: https://bits.media/suverennyy-investitsionnyy-fond-katara-otritsaet-pryamye-investitsii-v-bitkoiny/