The Abu Dhabi Sovereign Fund invests in the cryptocurrency ecosystem! Have confidence in your blockchain technology

Khaldoon Al Mubarak, CEO of Abu Dhabi Mubadala Sovereign Fund, recently confirmed to CNBC that investments in the cryptocurrency ecosystem, including blockchain technology. The cryptocurrency industry has grown rapidly over the past two years and its market value has grown from several million dollars to $ 3 trillion.

Khaldoon Al Mubarak said, "I think (cryptocurrency) is real. It was $ 200 billion two years ago, but today it hit $ 2.5 trillion and it still is. a growing industry People don't believe, but I'm not one of those people.

He did not disclose the value of Mubadala's stake in the cryptocurrency site, but said he was focusing on the investment process. Well, it could be in blockchain, electronics, or whatever.

He also mentions the need to remove uncertainty around cryptocurrency regulators. He hopes the rules will continue to change and cryptocurrencies will be regulated as assets.

Mubadala is one of the world's largest financial assets, with assets under management estimated at $ 234 billion. The 2019 investment in MidChains, the cryptocurrency exchange in the United Arab Emirates (UAE), is the premier investment in the cryptocurrency market.

In recent years, the UAE's regulatory requirements for cryptocurrencies have increased exponentially, proving that UAE investments in cryptocurrencies continue to grow. The UAE has also created a Special Investment Zone to support cryptocurrency and blockchain technologies.

Well-known US entrepreneur Kevin O'Leary, who ran venture capital firm "SharkTank", said in October this year that investors in the Middle East had only benefited from speculation. This is pushing the cryptocurrency industry to incredible heights. In the cryptocurrency market, investments from the Middle East will be a hot time. As Kevin O'Leary said: real time is not in the family office or the outside world of the Middle East. The real money will come from Saudi Arabia and the United Arab Emirates and will be in the hundreds of millions of dollars ... They (the Middle East) do not distribute money in the cryptocurrency market. When you do this, you can see it influencing the Bitcoin market.