"Is it because of Qatar that the price of BTC is so high?"
Anthony Scaramucci, the founder of Skybridge Capital whose Qatari-looking move to add the cryptocurrency Bitcoin (BTC) to his reserves has fueled speculation as the price breaks through $65,000.
Speculation began in September 2023 when the Emir of Qatar, Tamim Bin Hamad made an important visit to El Salvador to meet Nayib Bukele who is the president of that country.
The visit, which was ostensibly to discuss the use of BTC among other investment channels, sparked initial rumors, but appears to have failed to produce any official confirmation of Qatar's involvement in BTC.
While prominent BTC supporter and Bukele associate Max Keiser who has been very vocal about the speculation has led Scaramucci to say that Qatar might add BTC to its balance sheet and this has managed to generate high levels of excitement in the BTC community.
If rumors that the Qatar Central Bank is adopting BTC through the use of 5% of its $80 billion in assets are true, it could push the price up to $100,000, commented analyst Thomas Fahrer.
Although Edward Snowden did not name any countries, his cryptic predictions four days ago hinting at secret BTC acquisitions by national governments have fueled the rumor mill.
In recent weeks as well, the attention of the crypto community has been attracted by the BTC wallet address nicknamed "Mr100" after it regularly made a large amount of BTC purchases of about 100 BTC since November 2022.
The wallet currently holds 51,164 BTC worth $3.32 billion and it should be noted that there is the use of Binance and KuCoin for its transactions, so many have imagined an entity outside of the United States (US) to trigger Qatar speculation.
