Simply Bitcoin THIS Middle Eastern Central Bank is Printing Fiat To Buy MicroStrategy | EP 1246
May 16, 2025
Craig Warmke, a Bitcoin advocate and programmer at Bitcoin Magazine, dives into the growing Middle Eastern interest in Bitcoin. They discuss the Saudi Central Bank's purchase of MicroStrategy shares and how oil-rich nations are seizing opportunities for Bitcoin mining. The conversation touches on the bullish market sentiment, influences from major sovereign wealth funds, and the implications of regulatory developments. Warmke also anticipates exciting events showcasing diverse voices in the Bitcoin community, signaling a transformative era for cryptocurrencies in the region.
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Middle East's Growing Bitcoin Interest
- Middle Eastern sovereign wealth funds and central banks are actively acquiring Bitcoin exposure.
- Saudi Arabia bought MicroStrategy shares and Abu Dhabi increased Bitcoin ETF holdings, signaling a bullish trend.
MicroStrategy as Bitcoin Entry
- Large Middle Eastern funds start with MicroStrategy stock due to regulatory ease.
- This often leads to direct Bitcoin buying as confidence and FOMO grow.
Massive Capital Behind Bitcoin Buying
- Middle Eastern sovereign wealth funds control over $3.5 trillion, a massive capital pool for Bitcoin.
- Saudi Arabia's central bank holds MicroStrategy shares likely as exposure to Bitcoin and mining leverage.