Qatari fund wants to invest US$500 billion in BTC

Qatar's sovereign wealth fund, which manages the wealth generated by the country's oil and gas, is keeping an eye on the cryptocurrency market. According to BTC presenter and maximalist Max Keiser, the fund intends to invest up to US$500 billion in BTC.

This investment would be the largest ever made by an institution in BTC, significantly surpassing the position of MicroStrategy, the company that holds the most BTC in the world. MicroStrategy has 174,530 BTC on its balance sheet following its purchase in November.

By taking an interest in BTC, QSWF demonstrates its confidence in the digital currency as a store of value and a scarce asset, opening the door for other sovereign wealth funds and institutional investors to enter the cryptocurrency market.

Leave your opinion in the comments on how this QSWF movement could affect the cryptocurrency market.