Bitcoin (BTC) move came from the central bank of Saudi Arabia!

In the world Bitcoin (BTC) While the adoption continues to increase, BTC purchase news continues to come in the central banks.

Latest news at this point Central Bank of Saudi Arabiacame from.

Accordingly The Saudi Central Bank announced that it has a share in Bitcoin investment company Strategy.

Saudi Central Bank, the world’s largest Corporate BTC Company Microstrategy (new name Strategy) It provided indirectly access to Bitcoin through it.

According to experts, the Saudi Central Bank’s investment in the Strategy reflects a broader tendency to diversify traditional reserves among central banks.

Globally, the majority of countries have traditionally made great investments in the US dollar as a protection for long -term value. With the spread of Bitcoin and crypto currencies, central banks turned to crypto currencies as an alternative to gold and dollar.

According to data, about one dozen countries, including the US, the United Kingdom, El Salvador and Bhum, now contain Bitcoin in its treasures and central bank reserves.

In addition, Norway’s sovereign asset fund had also followed a similar strategy indirectly by increasing its investment in companies such as Microstrategy, Coinbase and Metaplanet, which had an important share in the crypto currency market.

At this point, the Saudi Central Bank, known as the Saudi Arabian Monetary Authority (SAMA), was among the few central banks that have now invested in Bitcoin, albeit indirectly.

*It is not an investment advice.