Alwaleed bin Talal Al buys 1M Bitcoin in 2024, Bitcoin Stock and bitcoin price in 2024 : Bitcoin News

Currently, there is a campaign against Bitcoin in Saudi Arabia in which Bitcoin has been declared Halal (Good) as per Islamic Sharia and now it seems that many of the richest people in Saudi Arabia want to invest in Bitcoin. Currently, due to the increasing demand for Bitcoin, most people in the Islamic world want to have at least 20% Bitcoin holdings in their portfolio management. Currently, Saudi Arabia’s richest person Alwaleed bin Talal Al also wants to buy approximately 1M+ Bitcoin like Microstrategy, El-Salvador, and US top investors. By the way, Alwaleed bin Talal Al is also considered the richest in Saudi Arabia, and like Elon Musk who visited space a few years ago, he is a person who promotes more and more technology, digital assets, portfolio diversification, gold, and investment. want to give. Bitcoin has now become an option for them too and it seems that Alwaleed Bin Talal Al wants to hold 1M+ Bitcoin because he feels that Bitcoin will give him more profits than stocks and the finance sector.

Why Bitcoin Price Reach $500K Before Bitcoin ETFs and BlackRock?

These two are teaming up to make Larry Fink (BlackRock) and @saylor look like peanuts — with a buy order of 1M #BTC and a $100,000 God Candle. pic.twitter.com/bVxWokV9bg

— Max Keiser (@maxkeiser) December 29, 2023

However, it is also true that even if investment in Bitcoin is allowed in the Islamic World, it will not make any difference even if Bitcoin ETFs are found. If the top richest people of the Islamic world started investing in Bitcoin then the price of Bitcoin could go up to $500K. There are also thousands of other top banks, financial sectors, businesses, traders, and royal families of the Islamic world who want their billions of USD to be in Bitcoin over which no bank or government has any control. Bitcoin is Halal in Islam, and Saudi And UAE investing Billions of USD in Bitcoin.

Why are Arab-Islamic countries investing $50 Trillion USD in Bitcoin and CryptoCurrency?

They also have a Royal Family of Saudi Arabia like Al Saud but other Businessmen of Saudi Arabia also have big companies and a lot of wealth and the government of Saudi Arabia is completely promoting Bitcoin Investment. So, Alwaleed bin Talal Al is also the richest man in Saudi Arabia, a businessman, investor, philanthropist, and member of the Saudi Arabian Royal Family. Because the Royal Family of Saudi Arabia has different businesses Alwaleed bin Talal Al is the richest and popular Saudi Arabian person who can invest his money wherever he wants and now he wants Bitcoin to also be a member of the Royal Family. So now it is believed that after this step of Alwaleed bin Talal Al, the Royal Family of Saudi Arabia can invest billions of USD in Bitcoin.