The United Arab Emirates is positioning itself to make cryptocurrency and blockchain technology its second-biggest economic sector after oil over the next five years. This outlook comes from Chase Ergen, board member of DeFi Technologies, a publicly listed firm specializing in digital asset investments.
“The UAE has a reputation for strong leadership, effective regulation, and a thriving community,” Ergen said in a recent interview. He noted that while oil continues to dominate the nation’s economy, blockchain is set to rise rapidly:
“Within five years, I believe the blockchain sector will become the UAE’s second-largest source of revenue, representing a double-digit percentage of the economy.”
The country’s advantages include a transparent regulatory structure for digital assets, a growing community of global crypto leaders, zero national debt, and the ability to reinvest surplus funds into cutting-edge technologies. Combined with low crime rates, appealing tax rules, and visionary governance, these factors have turned the UAE into the primary crypto and technology hub for the Middle East and Africa.
Crypto adoption by nations accelerates in 2025
This expansion in the UAE comes as more governments worldwide adopt digital assets. In 2025, momentum picked up after U.S. President Donald Trump entered office and introduced a long-awaited national crypto strategy in July, setting the goal for the U.S. to dominate the global digital asset market.
Elsewhere, Pakistan shifted its stance in November 2024—just a day before the U.S. election—by lifting its ban on cryptocurrencies. Since then, the country has built a national Bitcoin reserve and created a crypto council to oversee regulatory development.
Sovereign wealth funds have also been increasing exposure. The UAE’s own Mubadala fund, along with Norway’s Government Pension Fund—the largest of its kind globally—have invested in Bitcoin through ETFs and other products. According to research firm K33, Norway’s fund expanded its Bitcoin holdings by 192% in the past year alone.
Download the FREE Bitcoin Mining eBook
Kickstart your mining journey with essential insights:
https://bitmernmining.com/landing-page-ebook-download/
For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble
What is your opinion on this particular topic? Leave us your comment below! We are always intere
