According to Chase Ergen, a board member of publicly traded digital asset investment company DeFi Technologies, the cryptocurrency industry in the UAE is expected to become the second-largest industry in the country within the next five years, thanks to the country's regulatory policies and attractive business environment.

"They are renowned for their leadership, legislation, and community building," Ergen said in an interview with Cointelegraph. He also predicted:

Ergen added that the country has a clear cryptocurrency regulatory framework, a key community of cryptocurrency industry executives, a debt-free economy (allowing the government to invest surplus funds into technology), low crime rates, attractive tax policies, and forward-looking leadership.

Against the backdrop of countries accelerating the adoption of cryptocurrencies and sovereign nations competing to become global leaders in the digital finance era, the UAE has established a moat that makes it the undisputed cryptocurrency and technology hub in the Middle East and Africa (MENA) region.

The acceleration of national-level cryptocurrency adoption by 2025 follows the inauguration of U.S. President Donald Trump and subsequent regulatory shifts.

The Trump White House released its long-awaited cryptocurrency report in July, outlining the government's plan to make the U.S. a global leader in cryptocurrency.

The Pakistani government reversed its long-standing opposition to cryptocurrencies in November 2024 (the day before the U.S. presidential election).

Since then, Pakistan has established a national Bitcoin reserve and appointed a national cryptocurrency committee to develop a comprehensive regulatory framework for digital assets domestically.

Sovereign wealth funds, including the UAE's Mubadala and Norway's sovereign fund, hold Bitcoin (BTC) through exchange-traded funds (ETFs) and other investment vehicles.

According to cryptocurrency research firm K33 Data, Norway's sovereign fund, the world's largest state-led investment fund, has increased its Bitcoin exposure by 192% over the past year.

Related: SEC Chairman Paul Atkins hints that retail investors will gain access to private equity investment opportunities

Original: “Institutional Investors: Cryptocurrency Will Become the Second Largest Industry in the UAE Within 5 Years”

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