Sultanate of Oman to Invest $1.1 Billion in Bitcoin Mining!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

The Sultanate of Oman announced its plans to invest $1.1 billion in bitcoin mining, joining the growing number of countries entering the cryptocurrency market. Bitcoin’s rising mainstream recognition has led to more investors seeking it as a hedge against inflation. According to crypto expert Kharma, bitcoin’s open ledger system is a significant development for transparency and innovation. Although some are skeptical about bitcoin’s long-term viability, it appears that it is here to stay, likely to make a lasting impact on the financial world for generations.

Source: https://coinpedia.org/crypto-live-news/sultanate-of-oman-to-invest-1-1-billion-in-bitcoin-mining/