According to Odaily Planet Daily, rumors about Qatar’s sovereign wealth fund investing heavily in Bitcoin have resurfaced recently. Bitcoin extremists like Max Keizer spread rumors that the Qatar Investment Authority (QIA) would buy $500 billion in Bitcoin. QIA did not respond directly to the investment move, but reiterated its focus on blockchain technology over direct investment in cryptocurrencies. Talal Tabbaa, CEO of CoinMENA, said that sovereign countries may also consider Bitcoin as a viable part of their financial strategy. BlackRock has acquired over 200,000 Bitcoins in the past six weeks, and it’s normal for governments to consider allocating significant amounts of money to Bitcoin. The rumored $500 billion investment is higher than QIA's reported $475 billion in assets under management, so the scale of the investment is unlikely to be as large as rumored.