In Brief:
- Abu Dhabi state fund Mubadala has also invested in the cryptocurrency ecosystem such as block-chain technology, reveals CEO Mubarak.
- Mubarak says he is “not skeptical” about the rising future of crypto.
With the exponential growth quite evident in the digital currency’s market value, Abu Dhabi state fund Mubadala has also invested in the crypto ecosystem such as block-chain technology, as revealed by CEO Khaldoon al-Mubarak.
Emphasizing the growth of crypto value from a $200 billion industry to $2.5 trillion dollars in a matter of two years, Mubarak pointed out at himself being “unskeptical” when it comes to the future of crypto.
Without disclosing the tentative funds that would be spent for the purpose, CEO Mubarak said the firm would concentrate on the “infrastructural” aspect of the industry.
“From our perspective, I think we look at the ecosystem around crypto. And I think we are investing in that ecosystem. That could be that’s in the block-chain technology, energy usage, etc.,” he said.
Interestingly, Mubadala has $243 billion in assets.
Blockchain has seen its manifestations in arts, medicals, economy and everything else. Recently, Asia’s richest man revealed his trust in blockchain to build a future society. With bigwigs around the globe rooting for blockchain technology as an essence for security, trust, automation, and efficiency, it is certainly taking over every part of the world.
