Qatari Emir’s Private Jet Spotted in Madeira Amid Bitcoin Conference

American financier Anthony Scaramucci suggested that Qatar, one of the richest countries in the world, may be adopting Bitcoin. In a recent X post, Scaramucci reflected on the words of Bitcoin advocate Max Keiser, commenting on Qatar’s addition of Bitcoin to its reserves.

Rumors about the Middle East country’s strong affinity toward Bitcoin have proliferated across the crypto community for the past few months. Recently, Qatar Executive Gulfstream G650ER, the private jet of The Emir of Qatar, was spotted in Madeira during the Bitcoin Atlantis conference. Keiser reposted the message and reinforced his bullish anticipations on Qatar’s Bitcoin investment.

The rumors could be traced back to September 2023, when The Emir of Qatar, His Highness Tamim Bin Hamad, visited El Salvador and met President Nayib Bukele to discuss Bitcoin adoption and investments. Keiser’s subsequent comments about Qatar’s and Bitcoin further bolstered the rumors.

However, as of now, there is no official declaration from Qatar’s authority regarding Bitcoin investment. In his recent X post, Scaramucci posited that if the rumors are true, then the community’s gratitude would be extended to Keiser, who holds a strong bond with El Salvador President Bukele. Scaramucci wrote,

Max is saying Qatar may have added Bitcoin to their balance sheet. If true all we can say is thank you Max Keiser!

In recent news, crypto reporter Justin Verrengia revealed that Saudi Arabia and Qatar are preparing for huge Bitcoin investments of around 1 million BTC using their Wealth Funds. At present, Bitcoin is moving through a bullish track, trading at a price of $63,440. While reports reveal the accumulation of Bitcoin by these rich Middle East countries that own vast supplies of oil reserves, anticipations arise on its further impact on BTC price.