Saudi Arabian Prince Alwaleed Bin Talal's investment firm, Kingdom Holding, has no immediate plans to invest in cryptocurrencies. CEO Talal Ibrahim al-Maiman cites the limited adoption of crypto as a payment method for goods and services as the primary reason for their hesitation.
Kingdom Holding, the investment firm of Saudi Arabian Prince Alwaleed Bin Talal, has no plans to invest in cryptocurrencies anytime soon. CEO Talal Ibrahim al-Maiman stated that the firm's reluctance stems from the limited adoption of crypto as a payment method for goods and services. Al-Maiman highlighted this point during an interview at the World Economic Forum in Davos, emphasizing that 'We support Mr.
Buffet's theory that you don't buy with, don't invest in, so as we cannot buy any goods with cryptocurrencies, therefore we are currently not looking into investing in them.'Prince Alwaleed, a prominent member of the Saudi royal family, is known for his value investing style, akin to Warren Buffett, and has consistently avoided crypto investments. Kingdom Holding manages an estimated $13.6 billion in assets, spread across a diversified portfolio encompassing finance, hospitality, healthcare, media, technology, and real estate companies. This decision contrasts with previous speculation about the Saudi royal family's potential interest in cryptocurrencies. The improved U.S. regulatory outlook under President Donald Trump's pro-crypto stance had fueled these rumors. However, Kingdom Holding's current stance reflects a more cautious approach towards the volatile cryptocurrency market
Finance CRYPTOCURRENCY INVESTMENT KINGDOM HOLDING PRINCE ALWALEED BIN TALAL TALAL IBRAHIM AL-MAIMAN PAYMENT METHOD WORLD ECONOMIC FORUM
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple CEO Claims XRP Holding Worth Over $100 BillionGarlinghouse, CEO of Ripple, stated that the company's XRP holdings are worth over $100 billion. He also touched upon Ripple's valuation, the company's stance on going public, and the recent surge in demand for Ripple USD (RLUSD).
Read more »
Underrated Historical Epic 'Kingdom 4: Return of the Great General' Finds Global Streaming Successkingdom-rogg-c-yasuhisa-hara_shueisha-c-2024-kingdom-film
Read more »
Alpha Announces CEO Retirement and Appointment of Interim CEOAlpha Corp announces the retirement of its President and CEO, Michael Hopley, effective December 31, 2024. Hopley will remain as a director and Chairman of the Board. Timothy Livesey, a current director, has been appointed as Interim CEO. Livesey brings over 35 years of experience in exploration and development.
Read more »
Quantum Computing CEO Calls Nvidia CEO 'Dead Wrong' After Market DropFollowing Nvidia CEO Jensen Huang's statement that quantum computers are decades away, D-Wave Quantum CEO Alan Baratz refuted Huang's claims and highlighted his company's current commercial success in the quantum computing field.
Read more »
UnitedHealth CEO Sees Growth in 2025 Despite CEO's MurderUnitedHealth Group CEO Andrew Witty expresses confidence in the company's future growth despite the tragic murder of the insurance unit's CEO, Brian Thompson. Witty acknowledges the public's reaction to the incident and emphasizes the company's commitment to improving healthcare access and affordability.
Read more »
CEO.CA's 'Inside the Boardroom' Series Features Arizona Metals CEOCEO.CA, a leading investor social network, shares exclusive updates with CEOs of junior mining explorers. Their 'Inside the Boardroom' series features interviews with industry leaders, providing firsthand knowledge and insights into their vision, challenges, and strategies. This week's episode focuses on Duncan Middlemiss, CEO of Arizona Metals (TSX: AMC), discussing key catalysts including an updated resource estimate and a Preliminary Economic Assessment.
Read more »