Bitcoin investors in the UAE may witness significant benefits as the cryptocurrency market shows promising growth. Experts at the Bitcoin MENA conference in Abu Dhabi expressed optimism about Bitcoin’s future value, citing potential boosts from policies anticipated under the Trump administration in the United States.
Predictions of Unprecedented Growth
Khurram Shroff, a prominent tech billionaire and early adopter of cryptocurrency, shared bold predictions about Bitcoin’s value. Speaking at the event, Shroff stated, “According to American entrepreneur Michael Saylor, the value of Bitcoin will go up to $13 million. Right now, it is only $100,000. So (if someone) buys $500 or $1,000 worth of Bitcoin, he/she could basically become very wealthy in a period of time.”
The Bitcoin MENA conference serves as a platform for global experts to discuss innovations, challenges, and opportunities in the Bitcoin ecosystem, with a focus on the Middle East and North Africa region.
The Role of the Trump Administration
Shroff highlighted that the Trump administration is expected to adopt a pro-cryptocurrency stance, which could significantly impact Bitcoin’s value. He revealed that the US government is drafting legislation to acquire up to 1 million Bitcoins, with the figure potentially increasing to 6 million. “If the US buys 30-40 per cent of the world’s Bitcoin, the price could surge dramatically,” he explained.
Brandon Green, chief of staff at BTC Media, praised this move as “historic.” He noted, “This opens doors for every country to have a Bitcoin policy that aligns with the US. The US has essentially charted the course for what it means to be a pro-Bitcoin country.”
UAE’s Leadership in Bitcoin Regulation
The UAE, described by Green as a “leader in Bitcoin regulation,” is well-positioned to benefit from these global trends. He expressed confidence that the UAE would continue to strengthen its role as a key player in the cryptocurrency market.
Abdulla Aldhaheri from the Blockchain Centre Abu Dhabi emphasized the expanding potential of Bitcoin. “Instead of just holding Bitcoin, we are going to start seeing products. People are using it already as payments, collateral, and for lending, borrowing, and staking,” he said.
The Future of Bitcoin and AI
Shroff also pointed to the emerging synergy between Bitcoin and artificial intelligence (AI). He explained, “AI is moving towards the concept of AI agents, which are capable of negotiating contracts with one another. For the first time ever, two AI agents talked to each other, negotiated a contract, and made payment in Bitcoin. This is historic and means that humans will have even less work to do.”
As the cryptocurrency landscape continues to evolve, the UAE’s proactive approach and innovative outlook ensure it remains at the forefront of global developments.
