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    UAE’s Rising Role in Bitcoin: Transitioning from Oil to…

    Sam Boolman | Crypto Enthusiast and WriterBy

    From Oil to Hashrate: The UAE’s Transition into Bitcoin

    While the United States is leading in Bitcoin accumulation and hashrate distribution, the UAE is starting to emerge as a significant player in the international Bitcoin community, particularly in the Middle East. Officially, the US holds the most Bitcoin with over 207k in its possession, but reports suggest that the UAE holds around 420k Bitcoin, valued at approximately $46 billion. CryptoRank, a crypto market research and analytics platform, reported that the US controls 36% of the global Bitcoin hashrate, with 94.8% of Bitcoin held by public companies belonging to US firms.

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    Sam Boolman | Crypto Enthusiast and Writer
    Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.
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    Sam Boolman | Crypto Enthusiast and Writer

    Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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