Saudi Arabia hosts Financial Summit with BlackRock to legalize Bitcoin and CryptoCurrency by 2025

Recently it has been reported that BlackRock, JPMorgan, CitiBank, and top US banks and asset managers could become major financial hosts in Saudi Arabia in the future. Recently, some reports also believe that Saudi Arabia is making investments, progress, and financial development with big US companies to make its oil-based economy an oil-free economy. Saudi Arabia’s Prince Mohammed Bin Salman recently said that he had missed the BRICS Summit because the main aim was that Saudi Arabia still has its eyes on its biggest partner, the US.  Now it has been seen that Saudi Arabia is going to invest billions of USD with US companies which are also going to include Bitcoin and cryptocurrency. Now Saudi Arabia has also accepted that its Oil based economy will not last long and Saudi Arabia has accepted the US as its biggest economic, financial, and FDI partner. However, beyond Crypto and Bitcoin, Saudi Arabia’s partnership will be with US firms, banks, and financial companies, but in the next few years, we can see that Bitcoin and GOLD can play the biggest role in Saudi Arabia’s FDI investment.

Why is BlackRock continuously Buying Bitcoin in 2024, Saudi Arabia Investing in Bitcoin, and Crypto ETFs in 2025?

Recently, some financial and economic experts believe that Bitcoin can play a big role in the deal between Saudi Arabia and BlackRock. For now, there is a huge decline in Real Estate, Financial, Companies, Crude Oil, and Stocks around the world but there is a huge rise in Bitcoin, Gold, Bonds, and Startups in which Saudi Arabia can make future investments. In the recent Saudi Financial Host Summit, BlackRock, JP Morgan, Citibank, and Goldman Sachs also have positive thoughts regarding Bitcoin. However, most of Saudi Arabia’s investment is in US top arms companies but now Saudi Arabia also wants to increase its investment in collaboration with Blackrock and top US banks. Recently, Saudi Arabia Invested an overall $5 Billion in BlackRock as a beginning and now it is also possible that Saudi Arabia’s Financial Host Summit will reach its first historic economy development funds in 2025. Although, Blackrock and US Bitcoin ETFs approved Companies bought an additional $10B+ Worth of Bitcoin to allow Foreign Direct Investment from the Middle East. Saudi Arabia’s Wealth Fund Worth $878B+ is ready to invest with BlackRock, iShares, and GrayScale to make the most profitable Investment in Saudi-US History. Saudi Arabia has engaged with approximately 50+ US venture capital firms to expand investment in Crypto, Blockchain, AI, Web3, and Bitcoin ETFs.