Assia is optimistic about Bitcoin, noting that discussions in the UAE position it as a crypto hub and that Abu Dhabi could become a global center for digital assets. He says this year boosted the crypto narrative as capital markets began to copy crypto markets, with strong sentiment around tokenization. At Abu Dhabi Finance Week, people talked about tokenizing real estate, private markets, and public markets, and markets have moved from 24/5 to 24/7. Abu Dhabi has long aimed to lead the transition into the digital asset space, and the U.S. has signaled its intent to move capital markets on-chain, reflecting widespread shifts from traditional finance into crypto markets.
Bitcoin is facing near-term volatility, heading for its worst quarter since 2022 and set to end the year lower, even as risk appetite in stocks remains and demand for havens like gold persists. Assia notes his long involvement since 2011, recalling Bitcoin at $5, its rise to $1,200, and its 2013 listing on eToro, just before the first crypto winter. He argues that Bitcoin represents digital gold and, as inflation dynamics evolve, deflationary assets can appreciate, especially among younger generations who may accumulate over $100 trillion in the next two decades.
Right now the vast majority of assets globally remain held by central banks and traditional financial institutions, underscoring the scale of the ongoing shift to digital assets. The discussion reflects a broader trend of markets crossing over from traditional finance into on-chain ecosystems, reinforcing Bitcoin’s role in a digital economy.
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