Recent developments have ignited speculation regarding Qatar buying Bitcoin. Notably, observations of a Qatari private jet at significant Bitcoin events, including the Emir of Qatar‘s visit to El Salvador and the Bitcoin Atlantis conference, have sparked rumors.
The Emir Of Qatar Visited El Salvador
El Salvador made history in 2021 by becoming the first country to adopt Bitcoin alongside the US dollar as legal tender. President Nayib Bukele championed this move, citing its potential to boost financial inclusion and economic growth. Businesses must now accept bitcoin as payment, and tax contributions can also be made in bitcoin.
The Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, paid an official visit to the Republic of El Salvador on September 12, 2023. Strengthening bilateral connections between the two countries in a variety of industries was the main goal of his visit. In addition, relevant global and regional issues of shared concern were discussed with Salvadoran leaders.
“During the meeting, the Emir and President Bukele will explore ways to enhance bilateral relations and discuss opportunities for cooperation in various areas for El Salvador’s development. Additionally, agreements and memorandums of understanding in different fields of cooperation will be signed, and various regional and international topics of mutual interest will be addressed.”
– Source
The Bitcoin Atlantis Conference
The Bitcoin Atlantic conference was held in Madeira from March 1st to 3rd, 2024, attracting over 200 distinguished speakers, including notable figures like Jack Mallers, Lyn Alden, Jack Dorsey, and Michael Saylor. Interestingly, keen observers on the X platform noted the arrival of a Qatari private jet shortly after Michael Saylor’s address at the conference.
Further intrigue arose when users tracked the flight history of the same aircraft, revealing stops in Sao Roque (Brazil), San Jose (Costa Rica), and finally, Funchal (Madeira). Each location has gained prominence as a hub for Bitcoin activity, fueling speculation among X platform users.
Amidst these observations, rumors began circulating on X about Qatar’s potential involvement in Bitcoin acquisitions, adding an air of anticipation to discussions surrounding the conference’s aftermath.
Is Qatar Buying Bitcoin?
Edward Snowden made a bold prediction on February 28, foreseeing a scenario where a nation-state would discreetly add bitcoin to its reserves, bypassing public disclosure.
The NASDAQ reported:
“Snowden’s prediction comes amid increasing institutional, retail, and nation state interest in Bitcoin, with several major corporations and investment firms allocating significant resources to the asset. While Snowden did not specify which government he believes will make the purchase, the prospect of a second national government acquiring Bitcoin and making it legal tender, like El Salvador did in 2021, would represent another huge milestone for Bitcoin…
As Snowden’s prediction garners attention, it underscores the growing mainstream recognition of Bitcoin’s role in the global economy and its potential to reshape traditional financial systems.”
–Source
During a livestream on Luke Mikic’s YouTube channel, viewers were treated to a wealth of insights:
“This wallet only really has a history of buying bitcoin… They are aggressively accumulating, they hold 56,000 coins… That’s about 3 billion worth of bitcoin and they’ve accumulated this in the past six months… They began buying literally weeks after the Emir of Qatar actually visited El Salvador.
You guys can tell me if that’s a coincidence or not.”
Mikic delved into details about an enigmatic entity or individual known as “Mr100,” recognized for their daily purchase of 100 bitcoin since September 2023, among other noteworthy revelations.
