Abu Dhabi royal family increased weight in Bitcoin (BTC) and cryptocurrencies in response to the short position it took in US stocks as part of recession expectations.
Bloomberg 10 May Abu Dhabi, in the news that he based on the statements of sources familiar with the subject. the wealth of the royal family helping the management of the Royal Group in US stocks billions of dollars short position in the cryptocurrency market increased your weight stated.
According to the statements given, the the biggest one of the family fortunes governing company in the future in the economic framework a global slowdown and in this context exit from risk assets doing.
On the other hand, company management to portfolio arrangement did not come with a statement. Resources, your short positions One output as you can point out just a preventative measure He also underlined that it could be
UAE And Abu Dhabi crypto in the world to adopt in the sense of ahead incoming from the actors known as one. In this context, many publicly supported movement Besides the licensing of crypto companies as well as various amenities provides.