Mideast Money

For One Abu Dhabi Fund, Crypto Is a ‘Store of Value’

ADIC sees “Bitcoin playing an increasingly important role alongside gold.”
An image of Bitcoin and other cryptocurrency tokens displayed at a conference.Photographer: Suhaimi Abdullah/Bloomberg
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Welcome to the Mideast Money newsletter, I’m Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that’s become one of the most influential in global finance. You can sign up here.

This week: Trump hands a big win to the region’s ambitions in artificial intelligence, MBS returns from Washington with ‘lopsided’ rewards, and Kuwait’s wealth joins an AI infrastructure program targeting $10 billion in commitments.