If there is a country quietly hoarding 40 billion USD worth of Bitcoin, would you be shocked? Recently, a tweet from Zhao Changpeng (CZ), the former richest Chinese person and founder of Binance, caused a huge stir!
Zhao Changpeng retweeted a message on Twitter claiming that the UAE holds 40 billion USD worth of Bitcoin as national reserves. As soon as this news broke, it caused a sensation in the cryptocurrency community. After all, this is not a small amount; it is enough for any country to have a seat at the global cryptocurrency table.
However, skepticism has followed. The sources Zhao Changpeng cited are not large media outlets, and well-known cryptocurrency platforms have not disclosed related information. Cryptocurrency lawyer Irina Heaver directly pointed out that this article seems to be generated by artificial intelligence, lacking solid evidence to support its claims.
In the face of skepticism, Zhao Changpeng acknowledged the uncertainty of the specific figures but stated that considering the number of high-net-worth individuals in the UAE, the figure is still reasonable. He also reflected on his role in developing the UAE's cryptocurrency ecosystem, witnessing Dubai's transformation from having only a few cryptocurrency companies to becoming a hub for thousands of blockchain-related enterprises.
So, does the UAE really hold so much Bitcoin? This question is like a massive stone thrown into a calm lake, creating ripples.
The well-known cryptocurrency media BlockTempo also mentioned Zhao Changpeng's post in their report, suggesting that his post indirectly verifies that the UAE indeed has purchased Bitcoin, although whether the amount truly reaches 40 billion USD remains uncertain. Cryptocurrency analyst Lark Davis, who has over 1.3 million followers on Twitter, pointed out that rumors suggest the UAE has purchased 300,000 Bitcoins, currently valued at over 28.1 billion USD. If this rumor is true, the UAE's Bitcoin holdings would be enough to rank among the top three globally!
This debate surrounding the UAE's Bitcoin holdings comes at a time when the country is actively positioning itself as a global cryptocurrency hub. Although the exact value of the country's cryptocurrency holdings has not been confirmed, this discussion has highlighted the UAE's growing influence in the cryptocurrency field.
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