UAE witnessed a significant surge in crypto investments, with Bitcoin and stablecoins dominating.

UAE investors are optimistic about their financial future, planning to increase crypto investments, diversify portfolios, and enhance savings habits.

The crypto market is recovering from a recent dip, with #Bitcoin showing minor gains.

From 2023 to June 2024, the #UAE saw an impressive $34 billion increase in cryptocurrency investments, a 42% rise from the previous year. Bitcoin continues to play a key role, making up 19% of the market, while stablecoins like Tether dominate with 51%. The UAE has also accumulated $40 billion in Bitcoin holdings, demonstrating its strong support for the digital asset.
$BTC
#MarketRebound

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Phoenix Group to Dual-List on Nasdaq in 2025: What You Need to Know ‼️🇦🇪
Phoenix Group, the UAE’s first crypto company to list on the Abu Dhabi Stock Exchange (ADX), is preparing for a dual-listing on Nasdaq in 2025. This strategic move aims to expand the company’s global presence and further solidify the UAE as a leading crypto hub.
### A Strong Start in the UAE
Founded in 2017 in Abu Dhabi, Phoenix Group has quickly become the largest cryptocurrency mining operator in the MENA region. It operates over 765 MW of mining facilities across the UAE, US, and Canada. In October 2023, the company made waves by listing on the ADX.
### Why Nasdaq Matters
The dual-listing on Nasdaq will help Phoenix Group grow internationally and attract more investors. As one of the world’s premier stock exchanges, Nasdaq offers significant exposure, opening doors to new global opportunities. CEO Munaf Ali emphasizes the importance of integrating traditional and digital assets, underlining Phoenix’s commitment to financial innovation.
### Leading the Crypto Mining Space
Phoenix Group isn't just a mining giant; it’s also the exclusive distributor of Bitcoin mining devices in the GCC, Egypt, Kenya, and Turkey. This broad network enhances its influence across key markets.
### UAE’s Digital Push
The UAE government’s strong support for digital innovation and financial technology has played a crucial role in Phoenix Group’s success. As the country builds its crypto and blockchain ecosystem, Phoenix’s growth further cements the UAE’s position as a crypto powerhouse.
### Looking Ahead
Phoenix Group’s Nasdaq listing in 2025 marks an exciting new chapter in its global expansion. It will boost the company’s international profile and reinforce the UAE's role as a leader in cryptocurrency innovation. #PhoenixGlobal #UAECrypto #UAE #abudhabi #g315c $BNB $BTC $XRP

🚨🚨Did the UAE’s Bitcoin Holdings Really Reach $40 Billion? 🤔😯😯😯🤔
Recently, a bold claim circulated in the crypto community suggesting that the United Arab Emirates (UAE) has amassed a staggering $40 billion in Bitcoin. However, some prominent figures, including crypto commentator Bitcoin Archive, have raised doubts about this claim, questioning the lack of credible evidence to support it. So, is this a genuine development, or just another rumor? Let’s delve into the details.
#### UAE’s Bitcoin Holdings Allegedly Hit $40 Billion
Reports have surfaced indicating that the UAE’s Bitcoin holdings have surged to $40 billion, reflecting the country's growing interest in cryptocurrencies. This development aligns with the global rise in cryptocurrency prices and underscores the UAE’s commitment to fostering a crypto-friendly environment. Efforts like the creation of Dubai’s cryptocurrency hub have helped promote blockchain startups, contributing to an increase in Bitcoin reserves within the country.
Industry experts speculate that the UAE will continue expanding its Bitcoin holdings, positioning itself as a leader in the space and encouraging institutional investment in the process. Binance’s former CEO, Changpeng Zhao (CZ), even hinted at the UAE’s covert accumulation of Bitcoin reserves.
#### Lack of Evidence to Back the Claim
Bitcoin Archive recently highlighted the lack of verifiable sources behind a report published by Bitcoinist, which claimed that the UAE’s Bitcoin holdings had reached $40 billion. According to Bitcoin Archive, the article failed to provide any credible evidence or supporting links to substantiate the acquisition. After conducting their own research, Bitcoin Archive found no confirmation of such a major purchase.
The organization emphasized that a move of this magnitude would likely generate worldwide attention, especially given the UAE’s significant role in the global crypto market. The report also touched on the ongoing debate about Bitcoin’s place in national financial reserves, citing former U.S. President Donald Trump’s suggestion of creating a U.S. Bitcoin Strategic Reserve.
#### Doubts About the Report's Credibility
Bitcoin Archive also expressed skepticism regarding the “Bitcoinist” article, criticizing its flashy headline and lack of supporting details. The article’s author failed to provide sufficient background information, which only heightened concerns over the report’s accuracy.
#### UAE’s Crypto Growth Continues
Between 2023 and June 2024, the UAE saw an influx of $34 billion into cryptocurrencies, marking a 42% increase compared to the previous year. Bitcoin has emerged as a dominant force in the region, capturing 19% of the market share, while stablecoins like Tether hold 51%.
Tether, for instance, is preparing to launch a dirham-backed token, underscoring the UAE's commitment to the digital asset sector. By 2025, it is estimated that 3.78 million people in the UAE will be actively engaged in crypto.
Moreover, reports indicate that by early 2024, 72% of UAE residents had invested in Bitcoin, with significant contributions from large institutional investors. The country’s rapid growth in the crypto space has positioned it as a key player on the global stage.
### Conclusion
While the claim that the UAE’s Bitcoin holdings have reached $40 billion remains unverified, the country’s ongoing crypto expansion is undeniable. Its strategic efforts to cultivate a digital asset-friendly ecosystem and attract institutional investment continue to solidify its role as a leading crypto hub. Whether or not the $40 billion figure is accurate, the UAE's influence on the global crypto market is clear.

🚨🚨Did the UAE’s Bitcoin Holdings Really Reach $40 Billion? 🤔😯😯😯🤔
Recently, a bold claim circulated in the crypto community suggesting that the United Arab Emirates (UAE) has amassed a staggering $40 billion in Bitcoin. However, some prominent figures, including crypto commentator Bitcoin Archive, have raised doubts about this claim, questioning the lack of credible evidence to support it. So, is this a genuine development, or just another rumor? Let’s delve into the details.
#### UAE’s Bitcoin Holdings Allegedly Hit $40 Billion
Reports have surfaced indicating that the UAE’s Bitcoin holdings have surged to $40 billion, reflecting the country's growing interest in cryptocurrencies. This development aligns with the global rise in cryptocurrency prices and underscores the UAE’s commitment to fostering a crypto-friendly environment. Efforts like the creation of Dubai’s cryptocurrency hub have helped promote blockchain startups, contributing to an increase in Bitcoin reserves within the country.
Industry experts speculate that the UAE will continue expanding its Bitcoin holdings, positioning itself as a leader in the space and encouraging institutional investment in the process. Binance’s former CEO, Changpeng Zhao (CZ), even hinted at the UAE’s covert accumulation of Bitcoin reserves.
#### Lack of Evidence to Back the Claim
Bitcoin Archive recently highlighted the lack of verifiable sources behind a report published by Bitcoinist, which claimed that the UAE’s Bitcoin holdings had reached $40 billion. According to Bitcoin Archive, the article failed to provide any credible evidence or supporting links to substantiate the acquisition. After conducting their own research, Bitcoin Archive found no confirmation of such a major purchase.
The organization emphasized that a move of this magnitude would likely generate worldwide attention, especially given the UAE’s significant role in the global crypto market. The report also touched on the ongoing debate about Bitcoin’s place in national financial reserves, citing former U.S. President Donald Trump’s suggestion of creating a U.S. Bitcoin Strategic Reserve.
#### Doubts About the Report's Credibility
Bitcoin Archive also expressed skepticism regarding the “Bitcoinist” article, criticizing its flashy headline and lack of supporting details. The article’s author failed to provide sufficient background information, which only heightened concerns over the report’s accuracy.
#### UAE’s Crypto Growth Continues
Between 2023 and June 2024, the UAE saw an influx of $34 billion into cryptocurrencies, marking a 42% increase compared to the previous year. Bitcoin has emerged as a dominant force in the region, capturing 19% of the market share, while stablecoins like Tether hold 51%.
Tether, for instance, is preparing to launch a dirham-backed token, underscoring the UAE's commitment to the digital asset sector. By 2025, it is estimated that 3.78 million people in the UAE will be actively engaged in crypto.
Moreover, reports indicate that by early 2024, 72% of UAE residents had invested in Bitcoin, with significant contributions from large institutional investors. The country’s rapid growth in the crypto space has positioned it as a key player on the global stage.
### Conclusion
While the claim that the UAE’s Bitcoin holdings have reached $40 billion remains unverified, the country’s ongoing crypto expansion is undeniable. Its strategic efforts to cultivate a digital asset-friendly ecosystem and attract institutional investment continue to solidify its role as a leading crypto hub. Whether or not the $40 billion figure is accurate, the UAE's influence on the global crypto market is clear.

Have mercy on the dear ones of the humiliated people, O brothers, I am afraid of your help #UAE