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 need to dump continually to pay for electricity and hardware. But the precise on-chain knowledge popping out of the UAE paints a totally totally different picture.

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

In the event you strip out electricity prices, they are sitting on an estimated profit of $344M. They have almost half a billion dollars they might liquidate right now, but they aren't touching it. This isn't a short-term cash seize. It appears like strategic accumulation. Whereas 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 frightened about centralization?