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ETH $2,478.44 -0.67%
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TRX $0.3384 +1.17%
DOGE $0.0893 -1.09%
ADA $0.2202 -0.30%
BCH $255.87 -2.08%
LINK $12.55 -2.16%
HYPE $84.08 -1.61%
AAVE $128.81 -2.70%
SUI $0.8108 -2.43%
XLM $0.1879 -2.55%
ZEC $1,150.00 -1.19%

Zhao Changpeng: It is unclear how the calculation of the UAE holding $40 billion worth of Bitcoin was derived, and the figure is higher than expected

2024-12-22 21:00:31

ChainCatcher news, Binance co-founder Zhao Changpeng previously retweeted a media report on the X platform stating that the UAE holds $40 billion worth of Bitcoin. Subsequently, some members of the community questioned this data, suggesting that the related report seemed like an AI-generated article. In response, Zhao Changpeng said, "I also want to know how they arrived at this exact number. The data collection is quite difficult and higher than I expected, but then again, there are many wealthy people there (in the UAE)."

CZ: Unsure how the $40 billion worth of Bitcoin held by the UAE was calculated, the number is higher than expected

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