Hot Development: $40 Billion Cryptocurrency Good News, Binance Founder CZ Announced

Cryptocurrency investors need exciting announcements these days, and this one will be a big deal if confirmed. Although the US plans to create its own reserve for #Bitcoin $95,888.1, Powell did not approve. While we were focused on Trump’s expected “I will make it happen” statement on this issue, the big news came from Binance Founder CZ.

Binance founder Zhao Changpeng tweeted that the United Arab Emirates (UAE) has $40 billion worth of Bitcoin. Binance is currently headquartered in Dubai, UAE. However, the source of the information is some unknown websites and there is no official confirmation yet.

This information that CZ shared seriously made everyone think that he shared the information by confirming it from a source. Considering that Binance exchange is headquartered in the UAE and the exchange has developed close relations with someone related to the government, CZ could not have shared just idle gossip.

We know that Lark Davis and other sources shared the same information. Davis, who announced this two days ago, wrote the following;

“Rumors have it that the UAE bought 300,000 Bitcoins. If this turns out to be true, no one is bullish enough.”

So why did CZ share this development, which Davis and other sources have been talking about for hours, with such a delay? This detail also suggests that the information may have been confirmed. We will probably see a statement from the UAE in the coming hours. If a statement confirming #CZ comes, the BTC price is likely to rise rapidly.

If the $40 billion purchase news is true, it means that a single country holds more BTC than the reserves of all private companies. On a country basis, the US has $20.1 billion and China has $18.8 billion worth of $BTC . #MicroStrategy , on the other hand, holds over $42 billion in assets.