Bitcoin enthusiasts have suggested the Qatar Investment Authority is considering adding Bitcoin to its portfolio, but the odds of a multibillion-dollar purchase are low.
Rumors of a massive Bitcoin (BTC) purchase from the Qatar Investment Authority (QIA) are unlikely to materialize, a local financial executive told Cointelegraph.
The speculation was spread by Bitcoin enthusiasts on X (formerly Twitter) over the past weeks, suggesting Qatar’s sovereign wealth fund could soon add $500 billion in BTC to its portfolio.
However, the probability of such capital flowing into the cryptocurrency is low, according to financial executive Shadi Qishta, as digital assets are not part of QIA’s strategy.
