🛢️ «Project Sand»: Are oil dollars becoming a new driver for crypto? 🇦🇪
While the media focuses on American ETFs, a quiet but massive transformation is taking place in the Middle East. The MENA region (Middle East and North Africa) is no longer just an observer. 🐫
Here are 3 signals that the 'smart money' from the East is entering the game: 👇
1️⃣ State-level mining ⚡️
It's a fact: Oman, UAE, and Qatar are actively building mining farms.
• Why this matters: States are not spending billions on infrastructure for speculation. This is a strategy for diversifying the economy away from oil for decades to come.
2️⃣ Change in Fund Strategies 🏦
Sovereign Wealth Funds have historically sought assets to preserve value. Analysts suggest that part of the oil windfall from 2024-2025 is already allocated to digital assets through OTC transactions (over-the-counter market) to avoid impacting the price in the order book.
3️⃣ Regional favorites 🌍
Investors are paying attention to blockchains that have official partnerships with regional governments:
• $HBAR (collaboration with Saudi initiatives).
• $XRP (licenses and partnerships in DIFC).
• $OM (focus on real estate tokenization in Dubai).
