United Arab Emirates leads the Middle East in crypto adoption, with 72% of local users investing in Bitcoin
As bitcoin becomes more popular in the middle east day by day it will increase the demand for bitcoin and the people of the middle east will have the opportunity to invest freely which will help them in their future development. The approval of the ETF has placed bitcoin at an all time high and after breaking record highs we now expect bitcoin to trade in larger volumes leading up to the halving event if bitcoin ETF momentum remains strong.
It is increasing popularity is because of the people (old or new) who invest in BTC and this will also be a way for others to discover the coin. The continuous demand in BTC is a sign that people there are free to do it which is great. This is the dream of many people. They can only wish for it to happen on their country too soon. Indeed that BTC's amazing properties can help the people achieve their goals in life no matter if it's in terms of earning a profit or simply using the coin like a currency.
This is its advantage compared to other currencies and assets out there. The halving event is staple and not caused by the ETF, though the rise we experienced last time is still due to the ETF and not by the halving yet but this is going to be massive once it happens.