An Abu Dhabi investment fund has identified Bitcoin as a store of value, comparable to gold. The Abu Dhabi Investment Council views cryptocurrency as playing a key role in its portfolio. This perspective highlights growing acceptance of digital assets in the region.
The Abu Dhabi Investment Council (ADIC), a major sovereign wealth fund in the United Arab Emirates, has expressed a positive outlook on Bitcoin. According to reports, ADIC sees Bitcoin as a 'store of value' for its investments. A representative statement from the fund notes, “Bitcoin playing an increasingly important role alongside gold.”
This stance comes amid a broader bull market for cryptocurrencies, where Bitcoin has gained prominence as an alternative asset. ADIC's position aligns with global trends, as institutional investors increasingly allocate to digital currencies through vehicles like exchange-traded funds (ETFs). The fund's endorsement underscores the UAE's push to become a hub for innovative finance, blending traditional wealth management with emerging technologies.
While details on the exact size of ADIC's Bitcoin holdings remain undisclosed, this development signals confidence in cryptocurrency's long-term stability. It reflects how money managers in the Gulf region are diversifying portfolios beyond oil-related assets into high-growth areas like crypto.