[Coinbase Executive: Middle East May Be Accumulating Bitcoin Secretly, Actual Holdings Could Far Exceed Publicly Disclosed Levels] According to a report by Jinse Finance, Eric Peters, Chief Investment Officer of Coinbase Asset Management, stated that Middle Eastern countries' actual Bitcoin holdings might far exceed publicly disclosed levels. Some nations are incorporating crypto assets alongside commodities like gold into their reserves, potentially driving a "new monetary standard." He noted that large funds are currently reluctant to buy in the $100,000–$120,000 range and may even remain on the sidelines if prices drop below $85,000. However, this suggests that they might enter the market in a concentrated manner at higher price levels, with stronger narratives and more developed infrastructure in the future. Peters also pointed out that the United States is exploring the establishment of a "Strategic Digital Asset Reserve" (including tokens like Bitcoin), which, along with adoption in the Middle East, could serve as a catalyst to attract large institutional players into the market.