We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: Bitcoin breaks $93,000 amid rumors that Saudi, UAE, or Qatar is shopping for
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Crypto & Web 3 > Bitcoin breaks $93,000 amid rumors that Saudi, UAE, or Qatar is shopping for
Crypto & Web 3

Bitcoin breaks $93,000 amid rumors that Saudi, UAE, or Qatar is shopping for

By Editorial Board Published November 13, 2024 2 Min Read
Share
Bitcoin breaks ,000 amid rumors that Saudi, UAE, or Qatar is shopping for

After bitcoin climbed above $93,000 right now — one other all-time excessive — some merchants are speculating that Gulf oil cash could possibly be behind the forex’s record-breaking rally.

This week, a rumor started circulating that Center Japanese petrostates Saudi Arabia, United Arab Emirates (UAE), or Qatar could be shopping for bitcoin at a sovereign degree. Some speculators imagine they are going to announce their purchases in just a few weeks at a significant convention in Abu Dhabi.

Bitcoin convention organizer BTC Inc., which hosted Bitcoin 2024 in Nashville, is ready to welcome attendees to a satellite tv for pc convention in Abu Dhabi, UAE on December 9-10.

David Bailey acquired Trump. Can he get MBS?

David Bailey, the convention host and CEO of Bitcoin Journal who personally organized for President-elect Donald Trump to talk at Bitcoin 2024, cryptically tweeted right now that “the United States is being front run on its bitcoin strategy and must stand up the SBR [Strategic Bitcoin Reserve] as quickly as possible.”

Followers of his political maneuvering are hopeful that he would possibly have the ability to get Mohammed bin Salman, Sheikh Mohamed bin Zayed Al Nahyan of the UAE, or the Emir of Qatar Tamim bin Hamad Al Thani.

Many buyers are discussing the likelihood that Saudi cash is flowing into bitcoin. Saudi Arabia isn’t solely the biggest petrostate within the Gulf however is of specific curiosity right now after the market capitalization of bitcoin flippened Saudi Aramco, the world’s largest oil firm.

I simply acquired the decision.

Oh.

My.

God.

Saudis.

— Jason A. Williams (@GoingParabolic) November 13, 2024

UAE is one other guess, not solely due to its huge oil wealth but additionally due to the placement of December’s Bitcoin convention: Abu Dhabi.

A 3rd Gulf petrostate, Qatar, is a perennial guess for sovereign funding in bitcoin, with recirculating chatter the previous few weeks.

TAGGED:bitcoinbreaksbuyingQatarRumorsSaudiUAE
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

Q&A: Former USC star Todd Marinovich says it was cathartic to lastly write his personal story

Q&A: Former USC star Todd Marinovich says it was cathartic to lastly write his personal story

Sports
August 24, 2025
Legal guidelines to largely abolish use of brief jail sentences to be launched inside weeks

Legal guidelines to largely abolish use of brief jail sentences to be launched inside weeks

New legal guidelines to cut back the usage of brief jail sentences and toughen up…

August 24, 2025
Bands pull out from competition after group ‘minimize off’ over Palestine flag

Bands pull out from competition after group ‘minimize off’ over Palestine flag

A number of bands have pulled out from the Victorious music competition simply hours earlier…

August 24, 2025
Ten-hour commute pays off as Mexican star Lizbeth Ovalle indicators document contract

Ten-hour commute pays off as Mexican star Lizbeth Ovalle indicators document contract

When she was 15, Lizbeth Jacqueline Ovalle traveled alone by bus for as much as…

August 24, 2025
Two married {couples} discovered useless in British automotive after crash in Germany

Two married {couples} discovered useless in British automotive after crash in Germany

Two married {couples} have died after a British automotive veered off the highway and crashed…

August 24, 2025

YOU MAY ALSO LIKE

What’s Omar Rossi doing for Tether?

Tether has develop into a massively essential firm in world finance because of the scale of its belongings and operations.…

Crypto & Web 3
August 22, 2025

Crypto fugitive busted in Seoul after tossing cigarette

Police in South Korea have arrested a 60-year-old fugitive behind a $13 million crypto rip-off after he was stopped for…

Crypto & Web 3
August 22, 2025

Defunct NFT lender Parallel Finance prices customers $500 to withdraw belongings

Over $800,000 value of “blue chip” NFTs are nonetheless being held in contracts of Parallel Finance, regardless of it pulling…

Crypto & Web 3
August 22, 2025

Bitcoin Core devs name dissidents ‘Knotzis,’ discover bug of their software program

A bunch of builders that manages the world’s hottest full node software program, Bitcoin Core, continues to claim their view…

Crypto & Web 3
August 22, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?