Could Qatar Be the ‘Whale’ That Is Accumulating Bitcoin?

Following a visit from the Qatar Emir to Nayib Bukele in El Salvador last September, there are now whispers that Qatar might be entering the Bitcoin market.

This speculation is fueled by comments from Bitcoin enthusiast Max Kaiser, who is known to have connections with Bukele’s administration. On X, Kaiser hinted at this development by saying, “It’s happening,” alongside a photo from the emir’s trip to El Salvador.

These rumors have gained traction after reports surfaced of a significant buyer, or “whale,” acquiring billions of dollars’ worth of Bitcoin over the last 15 months. Furthermore, Qatari Gulfstream private jet was seen at the Bitcoin Atlantis conference in Madeira this weekend.

Bitcoin Atlantis t featured prominent Bitcoin advocates such as Strike’s Jack Mallers, Jack Dorsey and MicroStrategy Chairman, Michael Saylor. The latter had said: “We are in the Bitcoin Gold Rush era. It started in January 2024 and will last until the end of 2034 when 99% of all Bitcoin will have been mined.”

At the time of writing, Bitcoin is trading at $63,7969 per coin, according to CoinMarketCap data, good for almost 3% gains in the last 24 hour.