Traders Are Upbeat About Rate Cuts and Pro-Crypto Policies
There is a noticeable sense of confidence among UAE traders as Bitcoin surges near the $100,000 milestone. A positive global environment, including Federal Reserve interest rate decreases and U.S. President-elect Donald Trump’s pro-crypto position, is encouraging investors.
Nikita Sachdev, an early investor, finds that risk pays off.
The CEO of Luna Media and a businesswoman from the United Arab Emirates, Nikita Sachdev, remembers putting all of her savings into cryptocurrency in 2017. Ethereum was trading at $60 at the time, and Bitcoin was trading at $2,500.
She reveals that she currently oversees a portfolio of 50-60 cryptocurrencies, which includes Bitcoin, Ethereum, Solana, and other meme coins. “I was young and took a massive risk,” she says. Sachdev states that “our grandkids will live in a blockchain-based world where cryptocurrency will be the norm,” underscoring the significance of comprehending blockchain technology prior to investing.
The UAE’s Forward-thinking Crypto Ecosystem Draws International Participants
The UAE’s adoption of cryptocurrencies has been led by the Abu Dhabi Global Market (ADGM) and Dubai’s Virtual Assets Regulatory Authority (VARA). With a peak of 106,111 daily active users this year, Bitget Research reports that the UAE has established itself as a major hub for digital assets in the Middle East thanks to their clear guidelines.
Bitcoin Reaches All-Time Highs
Despite a minor retracement to $91,405, Bitcoin hit an all-time high of $93,480 this week. According to analysts, the latest increase has been fuelled by Trump’s pro-crypto rhetoric, which includes pledges to create a Bitcoin stockpile and policies that are beneficial to cryptocurrency.
Repercussions of the Rally
Smaller cryptocurrencies like Dogecoin, which surged over 150% after receiving endorsements from Trump close associate Elon Musk, and Ethereum, which witnessed a 37% increase, have been affected by the boom.
A UAE public relations professional’s regrettable departure becomes renewed optimism.
When Bitcoin hit $25,000, Pakistani public relations expert Zeeshan Masud sold his cryptocurrency holdings too soon, only to reinvest in a subsequent surge. Since then, his initial investment of $15,000 has increased to $19,772. Masud counsels inexperienced investors to diversify their holdings and hold onto their cryptocurrency for the long haul.
Investment from Institutions Increases Confidence
Prices have been greatly impacted by an increase in institutional investments in Bitcoin exchange-traded funds (ETFs), such as Blackrock’s iShares Bitcoin Trust (IBIT). This week, IBIT inflows exceeded $1.7 billion, and businesses like MicroStrategy are still buying a tonne of Bitcoin.
The Increasing Crypto Influence in the MENA Region
The UAE is at the vanguard of the Middle East and North Africa (MENA) region, which has become a significant hub for cryptocurrency. The region, which accounts for 7.5% of all cryptocurrency transactions worldwide, is growing because to progressive legal frameworks, such as tax reforms, and assistance from large financial institutions.
The Quick Development of Crypto in Saudi Arabia
The crypto economy in Saudi Arabia is expanding at an astounding rate of 154% annually. With high-value trades above $10,000 accounting for 93% of transferred cryptocurrency value, institutional transactions predominate the market.
The UAE’s Leading Position in Web3 and Blockchain
Thanks to Dubai’s VARA and other regulatory agencies including the Securities and Commodities Authority and the Central Bank of the UAE, the UAE is still a popular destination for Web3 enterprises. With $30 billion in cryptocurrency transactions recorded in the UAE alone in 2023–2024, the region continues to play a significant role in promoting the adoption of cryptocurrency worldwide.
