Bitcoin Price Prediction: $700M UAE Mining Stash, Fed Turmoil, and
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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
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Last updated:
4 hours ago
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Bitcoin Price Prediction
Bitcoin is at $111,700, up 1.75% in the last 24 hours, with a market cap of $2.22 trillion. Behind the numbers, institutional and government activity is shaping Bitcoin as a global reserve asset. Blockchain analytics firm Arkham Intelligence found the UAE government has over 6,300 BTC, worth around $700 million, acquired directly through state-backed mining operations.
The holdings are tied to Citadel Mining, a company linked to the Abu Dhabi royal family via the International Holding Company (IHC).
This confirms the UAE is ahead of El Salvador but behind Bhutan, sixth largest nation-state Bitcoin holder. Earlier it was speculated the UAE had 420,000 BTC, now that’s been debunked.
While far smaller than China, the US, or the UK, which together hold nearly 200,000 BTC, the UAE’s direct mining strategy signals a deliberate push to accumulate Bitcoin as part of its sovereign reserves.
Fed Turmoil Raises Bitcoin’s Hedge Appeal.
Bitcoin’s narrative as an alternative reserve asset also gained traction amid political turmoil in the United States. President Donald Trump fired Federal Reserve Governor Lisa Cook, claiming misconduct related to mortgage documents. Cook denies the allegations and legal experts say Trump can’t remove her before her term ends.
The controversy has raised concerns about the independence of the Federal Reserve, a key to global investor confidence. Analysts, including Alex Obchakevich of Obchakevich Research, warn that politicizing the Fed could weaken the dollar’s role as the world’s reserve currency.
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https://cryptonews.com/news/bitcoin-price-prediction-700m-uae-mining-stash-fed-turmoil-and-sequans-200m-treasury-push/
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
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