Saudi mall operator turns into residential real estate developer


RIYAD: Bitcoin will become a $ 100,000 billion asset class and grow 100 times more than it does today, Microstrategy CEO Michael Saylor said of Bitcoin’s future prospects in an interview with CNBC.

“By the end of the decade, it will have reversed gold, then it will reverse currency indices, a little bit of bonds, a little bit of real estate, a little bit of stocks, and will emerge as an asset class of 100. Trillion dollars. So 100 times more than today, ”said Saylor.

He said cryptocurrency is winning against gold as a store of value and that he is not worried about regulation.

“It’s pretty clear that bitcoin is winning, gold is losing and it’s going to continue, it’s pretty clear that digital gold is going to replace gold this decade,” he said.

His company currently owns 114,042 bitcoins and as he put it, “We will continue to store forever. “

Teen Detained For Theft

A young Canadian has been accused of stealing C $ 46 million (over $ 36 million) in cryptocurrency.

The digital money was reportedly embezzled in a SIM card exchange targeting a cryptocurrency holder in the United States.

He was arrested in Canada after committing what Ontario law enforcement officials have described as the biggest single-person crypto theft.


Bitcoin, the main cryptocurrency in international trade, traded higher on Sunday, rising 1.61% to $ 59,016 at 6:22 p.m. Riyadh time.

Ether traded at $ 4,343, up 1.91%, according to data from Coindesk.


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