https://adgully.me/post/5912/middle-east-crypto-predictions-bitcoin-to-hit-100000-by-q1-of-2025

Middle East crypto predictions: Bitcoin to hit $100,000 by Q1 of 2025?

Amidst predictions for Bitcoin to hit the $100,000 mark, the Middle East emerges as an important player on the global crypto scene, in particular, the GCC region, which stands poised to capitalize on recent developments in this sector.According to Ritu Singh, Regional Director of Stone X Group Inc. “The GCC region is primed to emerge as a prominent player in the global crypto landscape, propelled by three pivotal factors: competitive energy rates, crypto-friendly regulations, and access to vital infrastructure components such as rigs, free zones, and governmental support.”On one hand, abundant and cost-effective energy sources bolster the region's potential, particularly in nations like the UAE, Oman, and Saudi Arabia. The accessibility of cheaper energy can notably amplify the benefits derived from the Bitcoin halving event. Reduced operational costs elevate the competitiveness of Bitcoin mining operations, augmenting profitability. Already, the UAE boasts a combined Bitcoin mining capacity of approximately 400 megawatts, constituting 4% of the global hash rate.Singh adds: “Oman emerges as a rising star in the regional crypto mining landscape, exemplified by its endorsement of Exahertz, an Omani mining company. A substantial $1.1 billion investment aims to deploy over 800 megawatts, catalyzing Oman's presence in the Bitcoin mining sector.”In addition to competitive energy rates, the maturation of regulatory frameworks in the region sets the stage for the establishment and trading of regional crypto exchange-traded funds (ETFs), mirroring the precedent set by the SEC's approval in the US.More specifically, Oman and Abu Dhabi seem to be well positioned to expand in the Bitcoin mining sector from a hardware standpoint as they have recently acquired a stake in Crusoe Energy Systems, a US company using stranded natural gas for crypto mining to reduce gas flaring caused by fossil fuel producers. This partnership aims to deploy power generators and mining equipment to capture gas at well sites, contributing to environmental sustainability and promoting digital currency development.Striving to diversify their economies, GCC countries were among the first to join the crypto wave, reflecting their strong belief in a new, digital age. Accordingly, they have been heavily investing in developing, expanding, and upgrading their vital infrastructure components such as rigs and free zones, while offering substantial governmental support to the Crypto ecosystem, with increased interest in Bitcoin (BTC).Despite its volatility, Bitcoin (BTC) remains a highly appealing cryptocurrency in the region. According to Forbes, Bitcoin has jumped from less than $500 in 2013 to more than $64,000 by 2021. It has then dropped below $17,000 in 2022, only to exceed the $69,000 mark this past March 6, 2024. This means that, between January 2014 and January 2024, Bitcoin has witnessed a price increase of approximately 5,150% and an annualized return of more than 135% per year. Over time, Bitcoin seems to be progressing solid, and if the cryptocurrency follows the same price movement as it did during the last decade, it could hit $100,000 in February, 2025.Although no one knows for sure if the Crypto market will continue its expansion in the coming weeks, months, and years or it will start shrinking, but the fact remains that traders see in such currencies a steppingstone into the future of finance.Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries.FOREX.com is a trading name of GAIN Global Markets Inc. which is authorized and regulated by the Cayman Islands Monetary Authority under the Securities Investment Business Law of the Cayman Islands (as revised) with License number 25033.GAIN Global Markets Inc. is part of the GAIN Capital Holdings, Inc. group of companies, which has its principal place of business at 30 Independence Blvd, Suite 300 (3rd floor), Warren, NJ 07059, USA. All are separate but affiliated subsidiaries of StoneX Group Inc.
https://adgully.me/post/2617/how-ai-and-blockchain-technologies-are-shaping-financial-markets-in-the-gcc

How AI and blockchain technologies are shaping financial markets in the GCC

Dubai: It didn’t take long for Artificial Intelligence (AI) and Blockchain technologies to impact companies, as their rise is gradually shaping new business models, optimizing performance and boosting efficiency across the entire economic spectrum. Among the many sectors affected by this digital transformation, are financial markets in the GCC and beyond.On one hand, the integration of AI helps to improve data analysis and enables the swift processing of vast financial data, leading to better decision-making and risk assessment. Automated trading algorithms execute trades rapidly based on market trends and patterns, while AI assists in risk management by identifying and mitigating potential risks through data analysis.On the other hand, Blockchain technology enhances security in financial markets, guaranteeing safe and transparent transactions, which helps reduce fraud and enhances trust in regional financial markets. It also streamlines financial processes, such as settlements and record-keeping, driving efficiency and lowering costs. In Saudi Arabia, for example, Blockchain technology is being used to create a new and simple way to finance small and medium enterprises. As for Dubai, the city has been at the forefront of Blockchain adoption, with ambitious plans to become the Blockchain capital of the world, as the Emirati leadership strives to fully digitize the government by utilizing Blockchain for all government documents, which demonstrates a firm commitment to embracing this technology for various sectors.According to Ritu Singh, Regional Director of Stone X Group Inc., the combination of AI and Blockchain technologies is expected to have a profound impact on financial markets in the Middle East. Singh says: “While the specific investment capital dedicated to AI and Blockchain in this part of the world is not clear yet, their projected impact and the region's advancements indicate a growing interest and investment in such transformative technologies, which contributes to reshaping the financial landscape.”A recent PwC report has highlighted the potential for AI to disrupt markets and foster the creation of innovative services and business models in the Middle East. The report projects that the region will gain 2% of the total global benefits of AI by 2030, with the UAE experiencing the largest impact, amounting to approximately 14% of its 2030 GDP. The report further estimates that the potential impact of AI in the Middle East could reach US$320 billion, with Saudi Arabia anticipated to be one of the economies that will benefit the most from AI advancements.According to The International Data Corporation, it is estimated that the Middle East will be spending $3 billion on AI in 2023 with that amount more than doubling to $6.4 billion by 2026. The region is expected to see annual growth in spending of almost 30% in this technology over the next three years, which is the fastest growth rate worldwide over the coming years. Furthermore, more than 80% of CEOs in the Middle East believe that AI is critical to the future of their businesses, and over 70% of them are investing in such technologies.For FOREX.com, a leading trading company which has its office in Dubai and part of StoneX Group Inc., investing in AI technologies has already started. The company offers customers an AI-based Performance Analytics tool, in addition to giving them access to advanced Risk Management Performance Analytics solutions.In this line, Singh confirms: “At FOREX.com, our commitment lies in delivering the finest cutting-edge tools and market access to our esteemed customers. We firmly believe that AI will revolutionize every aspect of trading, spanning from markets to trading technology, and we are at the forefront of this transformation by offering our customers AI-based tools, such as Performance Analytics. We’ve also introduced an AI index for trading, The BITA Artificial Intelligence Giants UST Index, and other exciting offerings are currently under development.”Recently, a growing number of companies has started using The BITA Artificial Intelligence Giants UST Index, which aims at providing exposure to the Artificial Intelligence (AI) sector through a selection of companies that are publicly listed in the US with revenue in the AI ecosystem. This includes areas such as microprocessors, data center platforms, machine learning and autonomous artificial intelligence development, among others. Index constituents are weighted by free-float market capitalization and rebalanced semi-annually, while index values are disseminated on an intraday and end-of-day basis. The base currency of the index is USD. However, index values may be published in other currencies when applicable.