Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

UAE Recognizes Bitcoin as Store of Value Comparable to Gold

Guavy AI Editorial Team
Instruments
BTC BNB
Share

Cryptocurrency leader Binance's founder Changpeng Zhao has acknowledged playing a small role in the United Arab Emirates' recognition of Bitcoin as a store of value comparable to gold.

The move, which comes after years of growing national exposure now exceeding $1 billion across mining operations and sovereign ETF holdings, marks a significant development for the UAE's cryptocurrency activity.

CZ relocated to Dubai in 2021 and his presence in the emirate has coincided with a significant expansion of the country's cryptocurrency activity.

The royal family in Abu Dhabi entered Bitcoin mining in 2022 through its affiliated firm, Citadel Mining, establishing large-scale operations on Al Reem Island that have produced an estimated $453.6 million in BTC.

More on Crypto

Crypto just now

Bitcoin Miners Shift Focus Towards Data Centers Amid Weaker Mining Profits

Crypto just now

High Treasury Yields Dampen Bitcoin's $1M Price Forecasts

Crypto just now

Stagnant Bitcoin Price Fails to Bounce Amid Lackluster Inflation Data

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy