Qatar wealth fund chief is waiting for cryptocurrencies to mature
Al Jazeera
Speculation around cryptocurrencies is keeping QIF from investing in them, QIA chief said at Qatar Economic Forum.
“Speculation” around cryptocurrencies is keeping Qatar’s sovereign wealth fund from investing in one of the most volatile asset classes in the world. Extreme swings in Bitcoin and other tokens are hampering their appeal for institutional investors like Qatar Investment Authority, one of the world’s largest sovereign wealth funds with assets estimated at over $360 billion by Global SWF. Cryptocurrencies “need a bit of maturity before we make our view about investing in that space”, QIA Chief Executive Officer Mansoor Bin Ebrahim Al Mahmoud said at the Qatar Economic Forum.More Related News