Donald Trump’s recent four-day visit took the President to Saudi Arabia, Qatar, and the United Arab Emirates. This visit has intertwined diplomatic relations with business interests, while simultaneously influencing the bitcoin market.
In Qatar, the President met with Emir Tanim bin Hamad Al Thani, resulting in over $243 billion in deals including major defense agreements, according to Bloomberg.
On May 15, the President made his visit to the Sheikh Zayed Grand Mosque in Abu Dhabi alongside Crown Prince Khaled bin Mohamed Al Nahyan. This occurs as the Trump family expands its business presence in the Middle East.
The Trump Organization is developing luxury properties across the region, including Trump Tower Dubai, real estate projects in Riyadh, and development in Jeddah and Oman.
Eric Trump publicly announced construction plans for Trump Tower Dubai just last month, highlighting the family’s ongoing commercial footprint in the region.
These business connections extend into the digital asset ecosystem as UAE-backed investment firm MGX recently announced it would use USD1, World Liberty Financial’s stablecoin to support a $2 billion investment in Binance, the world’s largest digital asset exchange, according to APNews.
This connection between Trump-aligned interests and major digital asset investments creates a potential avenue for market influence.
Historically, stability in the Middle East, especially among oil-rich nations, reduces global market volatility. This encourages risk appetite among investors, often leading to increased allocations to digital assets like bitcoin.
Middle East diplomacy directly affects global oil prices. Stable oil prices can lower inflation expectations and lead to interest rate cuts by the Fed. Lower rates lead to an increase in liquidity, having positive effects on bitcoin, an asset that benefits from money printing.
Related: Fed Rate Cuts Could Lead to Major Price Swings for Bitcoin
On the investment front, Abu Dhabi’s Wealth Fund, Mubadala Investment Company, has been focused on increasing their shares in BlackRock’s iShares Bitcoin Trust (IBIT).
According to a 13F filing with the U.S. Securities and Exchange Commission, Mubdala held 8.7 million IBIT shares, totaling $408.5 million as of March 31, 2025.
The Abu Dhabi Wealth Fund increased its shares by 500,000 since its last filing in December of 2024.
Back in March, the United States created a Strategic Bitcoin Reserve. The executive order states that the U.S. will not sell the bitcoin they already hold, and will create budget-neutral ways to increase their holdings.
The time has come where governments and wealth funds alike are jumping on board the Bitcoin train.
Trump’s recent visit to the Middle East illustrates how financial, diplomatic, and personal interests are becoming increasingly intertwined with Bitcoin and digital assets, serving as a new axis of influence in the U.S.-Middle East relations.
The combination of diplomatic progress and business expansion has heightened short-term volatility and trading volumes in the bitcoin market.
Trump’s business and digital asset ties in the region may further boost institutional interest and create an opportunity for more players to enter the market.
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