The National Bank Of Bahrain (NBB), launched their first investment product linked to Bitcoin, that will be offered to institutional investors in the Middle East’s Gulf Cooperation Council, formed by Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE).
This is not just a merely Bitcoin investment product but one that can be offered in more than 6 nations with the advantage that it preserve the investors initial investment. It means, the institutions who will will out their money into the NBB product will preserve their capital and that is good in a very volatile ecosystem.
The NBB product also enhance their ability to be opened to new instruments of investment in a world where Bitcoin cannot anymore be neglected as financial instrument. Bitcoin is real and everyone want a piece of the market which, years back was practically ignored today it become more powerful than ever.
Bahrain entering into Bitcoin investment product just reinforce the Middle East appetite for digital decentralized assets and put the region in the innovation zone. Dubai have been a force in crypto and days back they cut all conversions and transfers VAT (value added tax), in all crypto assets made within their borders. Middle East is coming for Bitcoin, and you still fading! Remember:
CONTENT IS KING!
