Abu Dhabi State Fund Bullish on Crypto Infrastructure

Abu Dhabi state fund Mubadala said that it was not a crypto skeptic with optimism on investments in related infrastructure.

Abu Dhabi’s Mubadala has invested in crypto-related infrastructure, according to its chief executive Khaldoon al-Mubarak in a recent interview.

From our perspective, I think we look at the ecosystem around crypto, Mubarak said, citing examples such as blockchain technology or energy usage.

And I think we are investing in that ecosystem.

Mubadala’s Mubarak noted the phenomenal surge in the crypto market’s value as a reason for continued bullishness in digital currency’s future.

I think, you know, this is a business that had, what $200 billion worth of crypto value two years ago, and it’s two and a half-trillion dollars today and growing, he said. So I think while many people are skeptics, I don’t fall in that category.