BTC LETS GO TO UAE

Why the UAE's $454M Bitcoin stash isn't the dump danger you worry

Everyone assumes miners are pressured sellers. The narrative is often that they should dump continuously to pay for electrical energy and hardware. However the precise on-chain knowledge coming out of the UAE paints a totally totally different picture.

The United Arab Emirates has mined approximately $453.6M value of $BTC via partnerships linked to Citadel. In response to Arkham knowledge, their last main sale was four months ago. Most of those cash haven't moved.

Should you strip out electrical energy prices, they're sitting on an estimated revenue of $344M. They have almost half a billion dollars they might liquidate right now, however they aren't touching it. This isn't a short-term money seize. It appears like strategic accumulation. While retail merchants panic over small strikes, nation-states are quietly locking up the availability.

Does a wealthy nation-state hoarding mined coins make you bullish on worth or fearful about centralization?