🚨 JUST IN: 🇸🇦 Saudi Arabia is weighing an expansion of its premium residency program to ultra-wealthy individuals — including $30 million net-worth people and super yacht owners (Bloomberg).
This is a major move for global capital flows and wealth migration.
Here’s why it matters for crypto:
📌 Wealthy individuals often look for tax efficiency and asset protection
📌 Saudi Arabia is becoming a global financial hub
📌 High-net-worth capital often flows into crypto as a diversification tool
📌 Ultra-wealthy migration usually means more institutional-grade demand
When wealthy investors get new options for residency and asset protection, crypto becomes more attractive, especially for large allocations.
#Crypto #Bitcoin #WealthMigration #GlobalMarkets #Macro
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