UAE Joins Bitcoin Accumulation Buzz With Unverified $40 Billion Claim

Rumors are swirling in the cryptocurrency sector that the United Arab Emirates (UAE) reportedly holds over $40 billion in Bitcoin.

These whispers gained momentum following a vague tweet from Binance founder and former CEO Changpeng Zhao.

Rumors of UAE’s Bitcoin Wealth Spotlight Nation-State Accumulation Trends

On December 22, Zhao cited an unconfirmed report that alluded that the UAE has stockpiled approximately $40 billion in the top crypto.

If true, crypto analyst Trader T stated that this would mean that the Middle Eastern country holds 411,978 BTC and potentially ranks among the top three Bitcoin holders globally and the foremost national government holder.

UAE Ranking if it Held Bitcoin. Source: X/Trader T

This revelation sparked intense discussions and varying degrees of skepticism within the crypto community. Despite the buzz, this information remains unverified and rests solely on speculative sources.

“People are stating the UAE $40b Bitcoin purchase as a FACT. From all the publicly available information, this has not been confirmed. It is just a rumour started on