The post Sultanate of Oman to Invest $1.1 Billion in Bitcoin Mining! appeared first on Coinpedia Fintech News

The Sultanate of Oman announced its plans to invest $1.1 billion in bitcoin mining, joining the growing number of countries entering the cryptocurrency market. Bitcoin’s rising mainstream recognition has led to more investors seeking it as a hedge against inflation. According to crypto expert Kharma, bitcoin’s open ledger system is a significant development for transparency and innovation. Although some are skeptical about bitcoin’s long-term viability, it appears that it is here to stay, likely to make a lasting impact on the financial world for generations.