Over the past weekend, speculation about a possible Qatari investment in bitcoin (btc) gained momentum. Rumors suggest that the country may have added the digital asset to its reserves. This speculation was given credence thanks to a post on X (formerly Twitter) by Skybridge Capital founder Anthony Scaramucci hinting at Qatar's involvement. As rumors swirl, bitcoin price has witnessed a dramatic rise today, eclipsing the $65,000 mark.
Qatar bought bitcoin worth more than $3 billion?
The origin of the speculation dates back to September 2023 when the Emir of Qatar, His Highness Tamim Bin Hamad, made a notable visit to El Salvador and the country's president, Nayib Bukele. The visit, ostensibly to discuss bitcoin adoption among other investment avenues, sparked initial rumors but did not produce any official confirmation regarding Qatar's commitment to bitcoin.
The Emir of Qatar has landed in El Salvador!
Diary: bitcoin?src=hash&ref_src=twsrc%5Etfw” rel=”nofollow noopener” target=”_blank”>#bitcoin legal tender, mining, $btc bonds, infrastructure investments?
What do you think? pic.twitter.com/7PX7JkuYv3
—Jake Simmons (@realJakeSimmons) September 13, 2023
Max Keizer, a prominent bitcoin advocate and associate of El Salvador President Nayib Bukele, has been particularly vocal about the speculation. In a sharp statement on with the phrase “PILLED DE ORANGE”. the Emir.”
Echoing Keizer's enthusiasm, Anthony Scaramucci commented, “Max says Qatar may have added bitcoin to its balance sheet. If it's true, all we can say is thank you, Max Keizer! This sentiment captures the high stakes and excitement within the btc community regarding the rumor.
Thomas Fahrer, the mind behind Apollo, a platform aimed at accelerating bitcoin adoption by providing authentic reviews, heavy on on the possible implications for the market: “The Central Bank of Qatar has ~$80 billion in assets. If the rumors of Qatar adopting btc are true and they use only 5% of the assets, that would only send (the) price to $100,000.” Fahrer's analysis highlights the significant market movement that such an investment could trigger.
Adding another layer to the mystery, Edward Snowden's cryptic novel forecast on “. Although Snowden did not name any countries, his prediction adds fuel to the speculative fire.
Another piece of the puzzle is a wallet address named “Mr100.” In recent weeks, the crypto community's attention has also been focused on this mysterious btc wallet, which has been frequently making bitcoin purchases for approximately 100 btc since November 2022.
The wallet now contains 51,164.74 btc, worth $3.32 billion, according to bitcoin/address/1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP-full” target=”_blank” rel=”noopener nofollow”>data by BitInfoCharts. The activities of this wallet, along with the use of Binance and KuCoin for transactions, hint at an entity outside the US, which in turn fuels speculation about Qatar.
At the time of this publication, btc surpassed $65,000.
Featured image created with DALL·E, chart from TradingView.com
