United Arab Emirates leads the Middle East in crypto adoption, with 72% of local users investing in Bitcoin
I am from the United Arab Emirates and the truth is that there is not much interest in Bitcoin or cryptocurrencies. In my small community, less than 1% of those I know have invested in Bitcoin, most of them after Elon Musk’s tweets.
Here there are no taxes and it is easy to establish a company, especially in the field of real estate and contracting. You can buy an apartment or start a small business and you will get a good return on investment, so there is no interest in Bitcoin.
Most investors buy between 1-3 bitcoins and leave them as a long-term investment, and few are interested in mining or trading.