This is quickly becoming a trend with large Dubai companies also buying large amounts of coins.
AFAIK, No entity affiliated with the government of the United Arab Emirates or the government of Dubai has purchased Bitcoin. Some authorities have accepted it as a payment method for licenses to facilitate businesses.
AFAIK, No entity affiliated with the government of the United Arab Emirates or the government of Dubai has purchased Bitcoin. Some authorities have accepted it as a payment method for licenses to facilitate businesses.
Now, this is where the crucial problem starts, because Bitcoin need on-chain transactions to generate income for the miners in the form of Miners fees. We
Do not be optimistic to this extent, governments will not hodling bitcoin but some companies may hedge against dollar fluctuations.
There are over 3 million unknown Bitcoins and a lot of coins were mined in the early days.