BTC LETS GO TO UAE

Why the UAE's $454M Bitcoin stash isn't the dump danger you worry

Everybody assumes miners are pressured sellers. The narrative is often that they need to dump continually to pay for electrical energy and hardware. However the precise on-chain knowledge popping out of the UAE paints a totally totally different image.

The United Arab Emirates has mined roughly $453.6M value of $BTC by way of partnerships linked to Citadel. In response to Arkham knowledge, their final major sale was 4 months in the past. Most of these cash haven't moved.

For those who strip out electrical energy costs, they're sitting on an estimated revenue of $344M. They have almost half a billion dollars they might liquidate proper 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 moves, nation-states are quietly locking up the availability.

Does a rich nation-state hoarding mined cash make you bullish on worth or frightened about centralization?