Qatari state investment body wary of crypto ‘speculation’

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Al-Araby

The Qatari state’s sovereign wealth fund is hesitant to put money into the cryptocurrency market because of “[s]peculation”. The huge ups and downs of many digital currencies are making them less attractive to state players, according to a Bloomberg report on Wednesday. Bitcoin, the world’s first digital currency, is currently valued at around $33,000 after tanking by more than half since its peak of close to $65,000 about two months ago. Qatar Investment Authority CEO Mansoor bin Ebrahim Al-Mahmoud explained that the crypto space would “need a bit of maturity before we make our view about inv…

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