CEX executives: The Middle East may be covertly increasing its holdings of Bitcoin, with actual holdings potentially far exceeding publicly disclosed levels.

[CEX Executive: The Middle East May Have Implicitly Increased Bitcoin Holdings, Actual Holdings May Far Exceed Public Disclosure Levels] Eric Peters, Chief Investment Officer of CEX's Asset Management Department, stated that the actual holdings of Bitcoin by Middle Eastern countries may far exceed public disclosure levels. Some countries are incorporating encryption assets into their reserves alongside commodities like gold, which may promote a "new currency standard." He noted that large funds are currently unwilling to buy in the $100,000—$120,000 range, and even if it falls below $85,000, they will still wait and see. However, this indicates that in the future, they may concentrate their entry at higher price levels with stronger narratives and more developed infrastructure. Peters also pointed out that the U.S. is exploring the establishment of a "strategic digital asset reserve" (including tokens such as Bitcoin), which, along with the Middle East's adoption, will become a catalyst for attracting large institutions to enter.