News - Is Qatar investing $500 billion in Bitcoin?

By Luc Vesters

Is Qatar investing $500 billion in Bitcoin?

Bitcoin (BTC)
Investing

According to Bitcoiner Max Keiser Rumors are getting "stronger" that the Qatari Sovereign Wealth Fund wants US$500 billion invest in Bitcoin. The rumor has already spread on X (formerly Twitter). While many users are downplaying the arguments, some users are spreading Fear of Missing Out (FOMO).

The meeting between the former president of El Salvador and the Qatari Emir Tamim bin Hamad Al Thani would be an indication of this. As reported by Salvadoran media they discussed an "important joint initiative between Qatar and El Salvador."

Some users on X criticized the rumor. The accusation: the total volume of the Qatari sovereign wealth fund is "only" $475 billion. So it is not possible to invest that much money, according to the argument. Max Keiser himself is also considered controversial. The bitcoiner has often been criticized for his implausible predictions - and has already been "caught lying".

Moreover, the fact that the Qatari sovereign wealth fund is currently investing $500 billion in BTC - Bitcoin is currently trading at $41,862 - is hardly economically possible, as some users of indicate social media. After all, there are only 4.8 million U.S. dollars in liquid circulation right now.

That's 198 billion US dollars that the Qatari sovereign wealth fund can invest. After that, things get tight: about 15 million Bitcoin are illiquid. This means investors are not so quick to part with their assets.

Especially when prices explode again, people get nervous. When such rumors also spread, emotions play a big, often negative role.

Download the Anycoin App

Finally, a crypto app for everyone!

Check it out