Abu Dhabi Sovereign Funds Explain Why They Back Bitcoin

Abu Dhabi’s sovereign wealth funds have outlined their rationale for investing in Bitcoin, describing the asset as a long-term store of value with characteristics comparable to gold. According to officials familiar with the strategy, the recent allocation of $500 million in BTC is not driven by short-term speculation but by structural portfolio diversification. source: https://www.ethnews.com/abu-dhabi-sovereign-funds-explain-why-they-back-bitcoin/